First and foremost, there have been calls from many quarters that in view of the slowdown in growth, India should allow fiscal deficit to rise 1 percentage point or more. This is imprudent advice. Fiscal consolidation has been a major accomplishment of the present government. Moreover, it is not as if we have a surplus or even balanced budget currently.
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View: The upcoming Budget and other moves will bring the economy back on track
January 09, 2020
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