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<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’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’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’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’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.</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">click here</a> to read more.</p>
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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’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
After dithering on a fiscal stimulus package for nearly a year, India’s finance minister Nirmala Sitharaman has declared that she..." />
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<br><small>January 12, 2021</small>
<p style="padding-top: 6px;">-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...</p>
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<br><small>January 12, 2021</small>
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Paying women for domestic and care work is a recognition of their efforts but may not reduce and redistribute their burden
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<br><small>January 12, 2021</small>
<p style="padding-top: 6px;">-The Hindu
Federalism and good governance need engagement between people and officials, as the MGNREGA programme shows
It is 45 days and counting since lakhs of farmers have gathered in Delhi protesting against the farm laws. Leaving aside the merits and demerits of the laws, many are...</p>
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<br><small>January 12, 2021</small>
<p style="padding-top: 6px;">-The Hindu
Court forms expert panel to hear apprehensions raised by farmers against the laws
The Supreme Court on Tuesday suspended the implementation of three controversial farm laws, terming its order the “victory of fair play”.
“If there is a victory at all, it is the victory of...</p>
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<br><small>January 12, 2021</small>
<p style="padding-top: 6px;">-TheWire.in
ASHA workers and other community healthcare workers have experienced extra working hours, loss of pay and social apathy during the pandemic.
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<br><small>January 12, 2021</small>
<p style="padding-top: 6px;">-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...</p>
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<br><small>January 12, 2021</small>
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Paying women for domestic and care work is a recognition of their efforts but may not reduce and redistribute their burden
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<br><small>January 12, 2021</small>
<p style="padding-top: 6px;">-The Hindu
Federalism and good governance need engagement between people and officials, as the MGNREGA programme shows
It is 45 days and counting since lakhs of farmers have gathered in Delhi protesting against the farm laws. Leaving aside the merits and demerits of the laws, many are...</p>
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<br><small>January 12, 2021</small>
<p style="padding-top: 6px;">-The Hindu
Court forms expert panel to hear apprehensions raised by farmers against the laws
The Supreme Court on Tuesday suspended the implementation of three controversial farm laws, terming its order the “victory of fair play”.
“If there is a victory at all, it is the victory of...</p>
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<br><small>January 12, 2021</small>
<p style="padding-top: 6px;">-TheWire.in
ASHA workers and other community healthcare workers have experienced extra working hours, loss of pay and social apathy during the pandemic.
Walking into 2021, if there was one positive to be identified with the large-scale outbreak of a pandemic in 2020 in India, and the rest...</p>
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<br><small>January 12, 2021</small>
<p style="padding-top: 6px;">-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...</p>
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<br><small>January 12, 2021</small>
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Paying women for domestic and care work is a recognition of their efforts but may not reduce and redistribute their burden
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<br><small>January 12, 2021</small>
<p style="padding-top: 6px;">-The Hindu
Federalism and good governance need engagement between people and officials, as the MGNREGA programme shows
It is 45 days and counting since lakhs of farmers have gathered in Delhi protesting against the farm laws. Leaving aside the merits and demerits of the laws, many are...</p>
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<br><small>January 12, 2021</small>
<p style="padding-top: 6px;">-The Hindu
Court forms expert panel to hear apprehensions raised by farmers against the laws
The Supreme Court on Tuesday suspended the implementation of three controversial farm laws, terming its order the “victory of fair play”.
“If there is a victory at all, it is the victory of...</p>
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<br><small>January 12, 2021</small>
<p style="padding-top: 6px;">-TheWire.in
ASHA workers and other community healthcare workers have experienced extra working hours, loss of pay and social apathy during the pandemic.
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LATEST NEWS UPDATES | How India could spend its way out of the Great Recession -Nikita Kwatra and Pramit Bhattacharya
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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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ASHA workers and other community healthcare workers have experienced extra working hours, loss of pay and social apathy during the pandemic.
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