Macroeconomic analysis of union budget 1995-96

Abstract

The Union Budget for 1995-96 was the fifth consecutive budget presented by Dr Manmohan Singh, but its formulation was a more difficult task than the earlier ones for various reasons. This article by Bakul H Dholakia is an attempt to present a broad macroeconomic analysis of the main proposals and provisions of the budget in the context of its stated objectives and examine the likely impact of the budget proposals on the economy especially in the short run