On the back of lower interest rates, advanced economies are adopting a more liberal fiscal approach. India is not in a position to embrace the same path. Inflation, for instance, is still a worry and higher debt can create instability in a developing country fairly quickly.
In the context of fiscal management, our
lead editorialnotes that instead of making higher public debt a permanent constraint for the Indian economy, the government should address its inability to mobilise revenues. India’s tax-GDP ratio has remained largely static for decades. This Budget does little to assure strong growth beyond FY22. As I have written before, we will find it difficult to exceed an average of 5 per cent growth in the medium-term, writes
Shekhar Gupta: Modi govt has already lost the battle on farm laws.
It will err even more gravely if it persists with the Sikh separatism bogey
Aditi Phadnistalks of a Rahul Gandhi factor in Tamil Nadu politics
QUOTE
We reassert and reiterate our support to the agitating farmers while expecting the government to provide a healing touch and to solve the issue to the satisfaction of the stakeholders
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