As Nirmala Sitharaman gears up to present the Budget, scheduled for July 23, let's have a look at what the Budget Survey by ET Online said about the good, the bad, and the ugly of the Indian economy at the moment. The good, surprisingly, is that 'inflation is under control', the bad part is the global uncertainty and coalition politics. The ugly, and predictably, is India’s jobless growth.
Over 34 per cent of respondents believe that inflation being under control is the best thing about the Indian economy at the moment. More than 29 per cent of respondents opted for the country's healthy forex reserves as a key strength. Nearly 24 per cent chose the healthy balance sheets of businesses, while 12 per cent appreciate the ease of doing business in the current economic climate.
How do they say that inflation is under control? Food items prices such as onions and tomatoes have increased many folds. Pulses and grains all have increased considerably. Rents are way too much in big cities. People are not getting paid enough! Where's the negative picture?
What do you say?