Bibek Debroy: The budget assures us continuity in spite of uncertainty
The budget presented on Tuesday is part of that forward-looking continuity. This continuity is anchored in conservative assumptions, given uncertainty (political flux, elevated asset prices and shipping disruptions). As finance minister Nirmala Sitharaman’s speech states, there are “significant” downside risks for growth and upside risks for inflation (though core inflation is under control). A day…