Monday, August 02, 2004

The Emperor's New Clothes: Arun Shourie on Chidambaram's 'Dream Budget'

Arun Chourie does his characteristically thorough and scathing analysis of the sham of Chidambaram's latest budget.

Factoid: When Chidambaram was finance minister before, he inherited an economy growing at some 7+%, and successfully brought it down to the Nehruvian Rate of Growth of 2-3%. No doubt he's aiming for a repeat performance.

Shourie's three-part analysis is a must-read. He rips to pieces the rhetoric and exposes the smoke-and-mirrors. This is a classic.

http://www.indianexpress.com/full_story.php?content_id=51880
http://www.indianexpress.com/full_story.php?content_id=51942
http://www.indianexpress.com/print.php?content_id=52008

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