Budget 2016

Budget doesn't address external concerns adequately: ICRIER

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The Budget has not adequately addressed external sector concerns, the widening current account deficit in particular, says noted economist Dr. Shankar Acharya of ICRIER. He feels the government should have been more aggressive in cutting the revenue deficit, which would have reflected positively in the current account deficit as well. Dr. Acharya also fears that the growth target of 6.1-6.7 per cent set down in the economic survey may be too optimistic.

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