Cake or taxes?

A day after the Union Budget, while speaking in Varanasi to an audience of BJP workers, Prime Minister Narendra Modi was emphatic when he said “the size of the cake matters”. In a country whose political economy has traditionally been more concerned about slicing and distributing the cake it was wonderful to hear a Prime Minister publicly accord priority to growth.  The comment was made in the context of skepticism expressed by some about the government’s ambition of a $5 trillion economy by 2024. It is a comment which also needs to be made in the context of India&.....

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