At a time when the economic scenario is being furiously debated, conventional wisdom may incline the decision maker to making a choice like ‘either Growth or Fiscal consolidation’, but notwithstanding the tough task at hand, a truly visionary leadership will need to pursue both growth and fiscal consolidation simultaneously.

We take it as a foregone conclusion that the Finance Minister will deliver a reform-centric Budget in the wake of the sustained country downgrade scare. In our opinion, the FM cannot even afford a Budget which is termed as a non-event, leave alone a bad one. Here’s what Mr. P Chidambaram is likely to do…

The government has its work cut out… manage coalition while trying to reform and meet fiscal target without hampering growth. Based on our internal workings, 5.5% fiscal deficit is more realistic