Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
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        LATEST NEWS UPDATES | How India could spend its way out of the Great Recession -Nikita Kwatra and Pramit Bhattacharya    </title>
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The government will have to ensure its spending improves economy-wide productivity, and its own revenue-generating capacity, to avoid a stagflationary trap

After dithering on a fiscal stimulus package for nearly a year, India&rsquo;s finance minister Nirmala Sitharaman has declared that she..."/>
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The government will have to ensure its spending improves economy-wide productivity, and its own revenue-generating capacity, to avoid a stagflationary trap

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                            <p style="text-align:justify">-Livemint.com</p><p style="text-align:justify"><em>The government will have to ensure its spending improves economy-wide productivity, and its own revenue-generating capacity, to avoid a stagflationary trap</em></p><p style="text-align:justify">After dithering on a fiscal stimulus package for nearly a year, India&rsquo;s finance minister Nirmala Sitharaman has declared that she will not allow the fiscal deficit number to worry her too much as she pushes spending to revive growth in the upcoming budget.</p><p style="text-align:justify">The government hopes that growth will generate higher tax revenues which will help meet its debt obligations in the coming years. Most economists say that the government does not have any other choice at the moment but caution that the borrowed funds need to be well-spent. Else, the stimulus would be wasted, growth would remain weak, and India could end up in a stagflationary trap. In such a scenario, burgeoning debt would weigh down Asia&rsquo;s third largest economy amid weak growth and high inflation.</p><p style="text-align:justify">According to estimates prepared by the International Monetary Fund (IMF) in October, India&rsquo;s public debt-to-GDP ratio has jumped to 89%, and would remain at similar levels till at least 2025, making India one of the most indebted countries among large emerging markets.</p><p style="text-align:justify">Most of India&rsquo;s sovereign debt is owned domestically. That protects us from the risk of defaults and a full-blown sovereign debt crisis, which several developing economies could face in the coming months and years. Yet, the contagion from a global sovereign debt crisis could roil Indian markets, especially if India&rsquo;s debt level remains elevated.</p><p style="text-align:justify">Please <a href="https://www.livemint.com/budget/news/how-india-could-spend-its-way-out-of-the-great-recession-11610350979003.html" title="https://www.livemint.com/budget/news/how-india-could-spend-its-way-out-of-the-great-recession-11610350979003.html">click here</a> to read more.</p>                                                           
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                            <p style="text-align:justify">-Livemint.com</p><p style="text-align:justify"><em>The government will have to ensure its spending improves economy-wide productivity, and its own revenue-generating capacity, to avoid a stagflationary trap</em></p><p style="text-align:justify">After dithering on a fiscal stimulus package for nearly a year, India&rsquo;s finance minister Nirmala Sitharaman has declared that she will not allow the fiscal deficit number to worry her too much as she pushes spending to revive growth in the upcoming budget.</p><p style="text-align:justify">The government hopes that growth will generate higher tax revenues which will help meet its debt obligations in the coming years. Most economists say that the government does not have any other choice at the moment but caution that the borrowed funds need to be well-spent. Else, the stimulus would be wasted, growth would remain weak, and India could end up in a stagflationary trap. In such a scenario, burgeoning debt would weigh down Asia&rsquo;s third largest economy amid weak growth and high inflation.</p><p style="text-align:justify">According to estimates prepared by the International Monetary Fund (IMF) in October, India&rsquo;s public debt-to-GDP ratio has jumped to 89%, and would remain at similar levels till at least 2025, making India one of the most indebted countries among large emerging markets.</p><p style="text-align:justify">Most of India&rsquo;s sovereign debt is owned domestically. That protects us from the risk of defaults and a full-blown sovereign debt crisis, which several developing economies could face in the coming months and years. Yet, the contagion from a global sovereign debt crisis could roil Indian markets, especially if India&rsquo;s debt level remains elevated.</p><p style="text-align:justify">Please <a href="https://www.livemint.com/budget/news/how-india-could-spend-its-way-out-of-the-great-recession-11610350979003.html" title="https://www.livemint.com/budget/news/how-india-could-spend-its-way-out-of-the-great-recession-11610350979003.html">click here</a> to read more.</p>                                                           
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The government will have to ensure its spending improves economy-wide productivity, and its own revenue-generating capacity, to avoid a stagflationary trap

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    <h1 class="cat-box-title">How India could spend its way out of the Great Recession -Nikita Kwatra and Pramit Bhattacharya</h1>
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                            <p style="text-align:justify">-Livemint.com</p><p style="text-align:justify"><em>The government will have to ensure its spending improves economy-wide productivity, and its own revenue-generating capacity, to avoid a stagflationary trap</em></p><p style="text-align:justify">After dithering on a fiscal stimulus package for nearly a year, India&rsquo;s finance minister Nirmala Sitharaman has declared that she will not allow the fiscal deficit number to worry her too much as she pushes spending to revive growth in the upcoming budget.</p><p style="text-align:justify">The government hopes that growth will generate higher tax revenues which will help meet its debt obligations in the coming years. Most economists say that the government does not have any other choice at the moment but caution that the borrowed funds need to be well-spent. Else, the stimulus would be wasted, growth would remain weak, and India could end up in a stagflationary trap. In such a scenario, burgeoning debt would weigh down Asia&rsquo;s third largest economy amid weak growth and high inflation.</p><p style="text-align:justify">According to estimates prepared by the International Monetary Fund (IMF) in October, India&rsquo;s public debt-to-GDP ratio has jumped to 89%, and would remain at similar levels till at least 2025, making India one of the most indebted countries among large emerging markets.</p><p style="text-align:justify">Most of India&rsquo;s sovereign debt is owned domestically. That protects us from the risk of defaults and a full-blown sovereign debt crisis, which several developing economies could face in the coming months and years. Yet, the contagion from a global sovereign debt crisis could roil Indian markets, especially if India&rsquo;s debt level remains elevated.</p><p style="text-align:justify">Please <a href="https://www.livemint.com/budget/news/how-india-could-spend-its-way-out-of-the-great-recession-11610350979003.html" title="https://www.livemint.com/budget/news/how-india-could-spend-its-way-out-of-the-great-recession-11610350979003.html">click here</a> to read more.</p>                                                           
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How India could spend its way out of the Great Recession -Nikita Kwatra and Pramit Bhattacharya

Published on Jan 12, 2021   Modified on Jan 12, 2021

-Livemint.com The government will have to ensure its spending improves economy-wide productivity, and its own revenue-generating capacity, to avoid a stagflationary trap After dithering on a fiscal stimulus package for nearly a year, India’s finance minister Nirmala Sitharaman has declared that she will not allow the fiscal deficit number to worry her too much as she pushes spending to revive growth in the upcoming budget. The government hopes that growth will generate higher tax revenues which will help meet its debt obligations in the coming years. Most economists say that the government does not have any other choice at the moment but caution that the borrowed funds need to be well-spent. Else, the stimulus would be wasted, growth would remain weak, and India could end up in a stagflationary trap. In such a scenario, burgeoning debt would weigh down Asia’s third largest economy amid weak growth and high inflation. According to estimates prepared by the International Monetary Fund (IMF) in October, India’s public debt-to-GDP ratio has jumped to 89%, and would remain at similar levels till at least 2025, making India one of the most indebted countries among large emerging markets. Most of India’s sovereign debt is owned domestically. That protects us from the risk of defaults and a full-blown sovereign debt crisis, which several developing economies could face in the coming months and years. Yet, the contagion from a global sovereign debt crisis could roil Indian markets, especially if India’s debt level remains elevated. Please click here to read more.

Livemint.com, 12 January, 2021, https://www.livemint.com/budget/news/how-india-could-spend-its-way-out-of-the-great-recession-11610350979003.html

Tagged with: Fiscal Deficit Government External Debt Government Gross Debt Govinda Rao

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