Most important objective of Budget was fiscal stabilization: Raghuram Rajan

Raghuram Rajan, chief economic advisor to the Finance Ministry, speaks to NDTV's Vikram Chandra about the Union Budget 2013. According to Mr Rajan, the fiscal stabilization was the key concern that the budget addressed, followed by re-energising growth. "If you can reduce the government dis-saving, and at the same time encourage households to save, you also help to reduce the current account deficit, which is also an important macro-economic concern," he says.