Budget 2022: view from a pragmatist, not an economist

Letter # 72 | 25 January 2022 |

A week before the budget, Jigar writes in the Economic Times on how the situation actually is for the government.

A lot of discussions so far on the economy is great, tax collections beating estimates, etc., but how is the math adding up (and… we have look at numbers how accountants do, not how economists do).

He then juxtaposes that against the decisions of different countries (China, US) to operate in different times (the 1980s and now) across a wide policy spectrum.

Budget will have to find a balance between capital spending and borrowing – The Economic Times (indiatimes.com)

Disclaimers:
Information in this letter is not intended to be, nor should it be construed as investment, tax or legal advice, or an offer to sell, or a solicitation of any offer to make investments with Buoyant Capital. Prospective investors should rely solely on the Disclosure Document filed with SEBI. Any description involving investment examples, statistical analysis or investment strategies are provided for illustration purposes only – and will not apply in all situations and may be changed at the discretion of the principal officer. Certain information has been provided and/or based on third-party sources and although believed to be reliable, has not been independently verified; the investment managers make no express warranty as to its completeness or accuracy, nor can it accept responsibility for errors appearing herein.