314: India Budget 2016 and the Indian Economy
Deeparghya Mukherjee
11 February 2016
India's Union Budget 2016 has been criticised for lacking big bang reforms, or not actively
promoting industries and, instead, being largely pro-rural and agricultural sectors. This paper
throws light on some aspects of the budget which are small steps towards improving the
business climate of the country, keeping in mind the constraints, advantages and vision of the
present Union Government. The major points presented here are largely derived from a panel
discussion organised by the Institute ofSouth Asian Studies (ISAS) in Singapore on 3 March,
2016. The panellists were Mr Vinod Rai, Dr Jehangir Aziz, Mr Rohan Solapurkar, Mr Vikram
Khanna and Dr Amitendu Palit.