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LATEST NEWS UPDATES | Explained: How the government plans to reboot the economy with this budget -Udit Misra

Explained: How the government plans to reboot the economy with this budget -Udit Misra

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published Published on Feb 1, 2020   modified Modified on Feb 1, 2020
-The Indian Express

Boosting consumption by leaving people with higher disposable incomes is the key strategy

The fine print of the Union Budget for 2020-21 notwithstanding, the central strategy of the government seems to be to boost the disposable incomes of the Indian consumers.

* What was the problem slowing down the economy?

Typically, there are four engines of GDP (gross domestic product) growth. These are as follows: Consumption of the private individuals (or C), Demand for goods from the government (G), investments from the businesses (I) and the net demand from exports and imports (NX).

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The Indian Express, 1 February, 2020, https://indianexpress.com/article/explained/explained-how-the-government-plans-to-reboot-the-economy-with-this-budget/


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