Growth compulsions, fiscal arithmetic

One of the highest global contractions was observed in India’s growth in the first quarter of 2020-21. The real GDP growth for the ear 2020-21 has been forecasted in the range of (-) 5.8% to (-) 14.8% The present economic condition and these forecasts warrants enhanced government expenditure and new police policies that could minimize the growth fall. The article speaks in revenue erosion, fiscal deficit and limits of deficit. The topic is related to Indian economy of GS main III. 

 

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