effects that will occur from increased GDP growth.
This new tax and expenditure policy is win-win, stupid. You will only recognise it to be such if you leave your pretentious morals at home.
PS: There is some disturbing news. If reports are to be believed, the BJP government (or old Nehru-Gandhi bureaucrats out to stump Modi ?) has stated that they cannot act now on the draconian retrospective tax legislation until they hold “widespread consultations with the stakeholders”. Is Modi’s BJP the new Congress? So soon? The ink on the oath is not even dry yet.
The writer is chairman of Oxus Investments, an emerging market advisory firm, and a senior advisor to Zyfin, a leading financial information company