When the Indian government presented its budget last month, the people were expecting giveaways, subsidies and bribes for votes. But it turned out to be a surprisingly responsible settlement that capped the fiscal deficit at 4.8 per cent of economic output. It was a sensible budget, but it will not get India growing again.
當印度政府上月公布預算案時，人們原本以為預算中會包括為拉攏選民而提供的施舍、補貼和賄賂。但結果是，這份預算案出人意料地可靠，將財政赤字限制在經濟產出的4.8%。這是一份合理的預算，但它不會重新推動印度的增長。
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