P. Chandrasekr

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Commendable maiden effort of the new government

Introduction of an attractive investment allowance scheme to spur the sluggish manufacturing sector, reeling under the onslaught of cheaper imports, is a step in the right direction...

Challenges the new Indian government would face

A realistic and fiscally prudent budget will therefore be essential to ensure that country's debt rating is not downgraded from 'BBB-minus' to 'junk' since it will have disastrous consequences....