Finance Minister Arun Jaitley's Budget fails the fiscal consolidation test, Senior Congress Leader and former Finance Minister Chidambaram had said in a press conference after Union Budget 2018.
The fiscal slippage in the financial year 2017-18 and the revised target of 3.2 percent in FY19 “will have serious consequences and raise grave doubts about India's commitment to fiscal consolidation,” he had warned.
BloombergQuint's Sanjay Pugalia speaks to Chidambaram on the Budget, the economy and the upcoming general elections in 2019.
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Watch the full conversation here.
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