Countercyclical fiscal policy may not help - The Hindu BusinessLine
Countercyclical fiscal policy may not help 1/2 2/2 × In giving spending a boost, the Budget must ensure no large fiscal slippages as this will do the economy more harm than good The Economic Survey 2020-21 offers the spirit of generous optimism on the growth front but this comes coupled with an overdose of complacency. Growth, it is proclaimed, will be achieved, but the path leading to a sustainable growth is missing. As Krishnamurthy V Subramanian, Chief Economic Adviser, said in the Survey Preface: “… after experiencing a sharp contraction of 23.9 per cent in first quarter of 2020-21, ...
Source: thehindubusinessline.com