Press Trust of India, February 03, 2020
The target of making India a USD 5 trillion economy in the next few years was missing from the budget, think-tank CUTS International said on Monday.
The budget fails to lay out structural reforms to boost income generation opportunities, Pradeep S Mehta, Secretary General, CUTS International said.
“The target of making India a USD 5 trillion economy in the next few years was missing from the budget, so were the structural reforms required at the central and state level to boost development,” he said in a statement.
He added that while the budget recognised the need to boost exports from India, a clear vision in this regard appears to be missing.
“At one end, we want to be part of the global markets, but on another we are backing away from arrangements like Regional Comprehensive Economic Partnership,” Mehta said.
Further, he said that the budget recognises the role of start-ups, value of digital and quantum technology, and the need to set up data centre parks in the country.