Take Tough Calls
The government should use its massive mandate to find long term solutions to the economy's structural problems
Finance Minister Nirmala Sitharaman is getting ready to present her first Union Budget and her task is well cut out. The Reserve Bank of India's Monetary Policy Committee (MPC) has pointed out that while inflation is under control, there are clear indications that the economy is losing traction. Before the MPC meeting, the Central Statistical Office had released quarterly GDP figures, which showed that India was growing at its slowest pace in four years. Even private consumption, robust in earlier years, was losing steam. As it is, in Prime Minister Narendra Modi's first term, exports and private
