4. "Good economics and bad politics cannot coexist in a sound budgetary process" Discuss.

Approach:

The question needs to cover the following issues:

♤ The importance of a sound budgetary process in a developing country like India

♤ First define briefly what you mean by ‘Good Economics’ and ‘bad politics’

o Does demand politics play a role in the government budgeting process?

♤ Conclusion, on a positive note, with suggestions for reforms