Will Budget 2011 hold measures to boost economic growth beyo

CA CS CIMA Prakash Somani (Landmark Group) (23502 Points)

21 February 2011  

Will Budget 2011 hold measures to boost economic growth beyond 9%?

India Inflation is not actual but it has been created / manipulated by various unplanned measures taken to control the inflation. One side, various politicians have contributed to inflation by announcing pre emptive assessments of inflation, which converts into actual price rise, which is not reduced later. The other impact is unplanned distribution of various goods and services, which only creates the shotrage and once the prices are increased, they are never reduced to the pre existing levels, even after restoration of supplies. The curruption at various levels also adds to it because the Govt. recover all deficiency in revenue by levieng additional taxes / generating higher taxes on increased costs, which should be surrendered by the Govt. for common man's benefits. The inflation control can be managed only thru better definition of public policies and imposition of taxes at the planned level only, where increase in costs do not contribute to higher govt. revenues. and in the end, on curroption, the govt has to come clean and recover the money, the country has lost!