Dehradun, Jan. 12 -- Consultations are on in a big way by the Union Government to prepare a budget that helps pick up the economy. There is a general consensus that the present rate of GDP growth is around 5 percent. Compared to the situation existing in similar economies elsewhere, this is a good performance. However, critics claim that the slowdown is undeniable and, more importantly, due to government policies rather than global factors. The more positive feel that this is a cyclical downturn and a bounce back is coming soon.

All the same, there is absolutely no harm in undertaking a deep appraisal and getting a factual picture of what is happening with the economy. Amongst the most knowledgeable are, of course, those directly involved ...