India’s problem is not insufficient budget stimulus. Rather, budgets have provided a huge stimulus (cloaked by budgetary fictions) for three years in a row, and yet GDP growth has kept slowing. The failure of such a huge stimulus to stoke growth is deeply worrying. It suggests India’s structural problems are too deep to be stimulated away.
from News-Economic Times https://ift.tt/2T0TUkH
View: Why the stimulus has failed to lift the economy
February 16, 2020
0
Tags
Share to other apps