"Short term pains for long term growth". That moreorless summarises the Finance Minister's budgetary exercise for fiscal 2010-2011. There is the recognition that a sound and prudent fiscal management- with the deficits under control (fiscal deficit down to 5.5% next year) and subject to gradual and targeted reduction over the medium term- has provided an enabling enviornment for the move onto a high growth trajectory. The UPA govt's flagship The Mahatma Gandhi National Rural Employment Guarantee Scheme has been alloted Rs.40100 crore and the Bharat Nirman Programme of building rural infrastructure Rs.48000 crire. In addition the allocation for health and housing have been increased. The budget focuses on fiscal prudence to sustain growth and for this a Financial stability and Development Council will exercise macro prudential supervision over the economy.
Your vote on this answer has already been received
That is right. This budget has been prepared especially for that purpose, growth and higher growth. But please do not ask any questions as to whose growth, since there is no mention of Aam Admi or any special schemes for his welfare even though there is a passing reference to Inclusive growth. I do not know who are included here. I conclude this on the basis of past records of the last two decades of spectacular growth of 9% plus, which failed to dent that informidable fort of poverty.