Fiscal discipline has taken a backseat in budget: US economist

Fiscal discipline has taken a backseat in the latest annual Indian budget which contains many tinges of populism, noted Indian economist Eswar Prasad said today.

Prasad, a professor of trade policy at the prestigious Cornell University, said there were no major measures in the budget that could stimulate private investment.

"Fiscal discipline has taken a backseat in this budget, which contains many tinges of populism, as was to be expected in the run-up to a national election cycle," Prasad told

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