Budget 2020 Failed to Admit the Gravity of the Economic Distress: Naushad Forbes I Karan Thapar
- 3 years ago
One of India’s most highly regarded industrialists and a former President of CII and Co-Chairman of Forbes Marshall has said “This was not the budget we needed”. Naushad Forbes says the first problem with the budget is that it does not publicly admit the seriousness of the problem facing the economy. Had the budget done so it would have laid the foundation for radical steps. However, its’ failure to accept and admit the seriousness of the slowdown means that this is “a business-as-usual budget” and “not what the country needs”. It lacks bold steps.
In a 50-minute interview to Karan Thapar for The Wire, Naushad Forbes says that the surprising thing is that in private meetings with industrialists both the Prime Minister and the Finance Minister have fully accepted the seriousness of the problem the economy faces, sought advice, listened attentively and taken notes. This attitude, however, was not reflected in the budget.
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In a 50-minute interview to Karan Thapar for The Wire, Naushad Forbes says that the surprising thing is that in private meetings with industrialists both the Prime Minister and the Finance Minister have fully accepted the seriousness of the problem the economy faces, sought advice, listened attentively and taken notes. This attitude, however, was not reflected in the budget.
Like our work? Click here to support The Wire: https://thewire.in/support
The founding premise of The Wire is this: if good journalism is to survive and thrive, it can only do so by being both editorially and financially independent. This means relying principally on contributions from readers and concerned citizens who have no interest other than to sustain a space for quality journalism. As a publication, The Wire will be firmly committed to the public interest and democratic values.
We publish in four different languages!
For English, visit www.thewire.in
for Hindi: http://thewirehindi.com/
for Urdu: http://thewireurdu.com
for Marathi: https://marathi.thewire.in
If you are a young writer or a creator, you can submit articles, essays, photos, poetry – anything that’s straight out of your imagination – to LiveWire, The Wire’s portal for the young, by the young. https://livewire.thewire.in/
You can also follow The Wire’s social media platforms and engage with us.
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