New Delhi: Former Finance Secretary Subhash Chandra Garg has said that the 2020-21 budget lacks ‘effective measures’ to stimulate economic growth. Garg wrote in a blogpost that it is largely intended to handle the deteriorating economic and fiscal situation in the Budget 2020–21 spending proposal.
The title of this blog is- ‘Will the Budget 2020-21 spending proposals accelerate growth or improve redistribution’. He wrote, “It does not seem that the budget is effective in aiming to accelerate growth and create a faster environment.” Measures have been taken.
It lays down spending on road, railways and metropolitan infrastructure as key aspects of infrastructure investment, but “there is no nominal increase in allocation for these programs during 2020-21 (actual It has decreased by 8-10 percent on the basis) “
