Biggest News Aggregation in the World
📰 Monitoring India News

Monitoring India News Today

Fast, Ad-Free News Updates

Stay updated with breaking news from Monitoring India. Real-time updates on events, politics, business and more.

Stay Updated with Latest News

Get breaking news updates delivered to your inbox

Browse All News →

Why Modi government is moving away from the path of economic austerity

Why Modi government is moving away from the path of economic austerity The popular conservative economic outlook has been widely proven to be unsuccessful in helping struggling economies get back on their feet. Feb 09, 2021 · 01:30 pm Austeritys failure to bring economies out of deep distress could be the reason behind Finance Minister Nirmala Sitharaman’s stance on increased government spending. | Prakash Singh/AFP The Narendra Modi government, which kept a hawk-eye...
United Kingdom United States Janet Yellen Margaret Thatcher Ashwini Deshpande Joe Biden
Source: scroll.in

India says no to austerity to help economy out of Covid-19 slump — Quartz India

February 8, 2021 The Narendra Modi government, which kept a hawk-eye on spending over the past seven years, has said that the fiscal deficit for 2020-21 will stand at 9.5%. This would be the highest at least since India liberalised its economy in 1991. For context, the fiscal deficit for 2019-20 was 4.6% of India’s gross domestic product (GDP). On the face of it, a high fiscal deficit—the difference between the government’s revenues and expenditure—is alarming. It increases government ...
United Kingdom United States Janet Yellen Margaret Thatcher Ashwini Deshpande Joe Biden
Source: qz.com

Explore More Categories

World News India News Business Technology Sports Entertainment Health Science