We Mean Business: Budget projections gone awry?

The day after we reported that the government is unlikely to meet key targets including the fiscal deficit target set in the budget, Economic Affairs Secretary A Mayaram today confirmed that meeting these targets would indeed be tough. He also said that the government needs to look at subsidies carefully which are adding to the fiscal deficit. On We Mean Business, NDTV's Shweta Rajpal Kohli, Ashok Kumar Jha, Former Finance Secretary, K R Srivats, Senior Resident Editor, The Hindu Business Line, Madan Sabnavis, Chief Economist, Care Ratings, Pranav Sayta, Tax Partner, Ernst & Young and Venugopal N Dhoot, CMD, Videocon Group of Companies discuss whether India is going to miss all budget projections.