Dehradun, Feb. 3 -- While a powerful horse needs to be reined in, one lacking strength requires to be prodded on to win the race. It is the same in the case of the national economy. While in relative terms, the Indian economy can be stated to be doing well, from the point of view of people's aspirations there is still quite some way to go. As has become clear from Finance Minister Nirmala Sitharaman's latest union budget, a carefully calibrated approach has been adopted keeping in mind the need to keep inflation in check while at the same time ensuring the growth rate is maintained, even enhanced. Most economists have appreciated that the effort to keep the national debt at targeted levels has been largely effective.
One of the major limit...