Rot began in 2008: Why Chidu’s Budget 2013 is a mea culpa

In many ways, Palaniappan Chidambaram’s 2013-14 budget will have to be a sort of mea culpa for his 2008-09 budget, which set the country on the path to high inflation and low growth. We have a tendency to blame Pranab Mukherjee for the slide, but the rot began with Chidambaram’s 2008-09 budget, which set us on the path to disaster. Mukherjee merely compounded the errors introduced in Chidambaram’s last budget of UPA-1. So when the Finance Minister talks...

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