Piyush Goyal: Exacerbating India's fiscal imbalance

Questions linger over how the interim Indian finance minister intends to raise state income in the long run to support the massive increase in government expenditure.

India’s fiscal management over the past year might be summed up as a tale of two finance ministers one that could not stop a drop in its standing to sixth in this year's FinanceAsia finance minister ratings

Arun Jaitley, the 66-year-old incumbent for the bulk of the financial year was taken ill as 2018 came to a close, leaving the laying out of this year’s interim budget at the beginning of February to his stand-in at the Ministry of Finance, Piyush Goyal.

With national elections due in May, it is hardly surprising that Goyal’s financial statements had a distinctly political tinge to...

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