Why India needs an independent fiscal council

Countries with independent fiscal councils tend to produce relatively more accurate budget forecasts and stick better to fiscal rules, research suggests

Pramit Bhattacharya pramit.b@livemint.com NEW DELHI

One standout feature in much of the discussion around the Union budget this year—both before and after the budget—has been the concern with the credibility of the budget numbers. Revenue projections for the current fiscal year, in particular, appear...

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