-The Indian Express Advancing the Union Budget by a month has not helped fiscal marksmanship In the first part of this series on the Union Budget, we explained how the nominal Gross Domestic Product (which is the market value of all goods and services produced within the domestic boundaries of India) is the key number that determines the shape and form of the Union Budget. In short, the nominal GDP for the current...
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Dig holes and fill them up -Surajit Das
-TelanganaToday.in Follow the Keynesian policy and go for larger fiscal deficit that puts more purchasing power in people’s hands Finance Minister Nirmala Sitharaman will present her second Budget on February 1 amid a slowdown in GDP growth and an increase in the rate of unemployment. Even supply-side economists are acknowledging that the current situation is because of the problem of aggregate demand. The demand-side economists, anyway, have been arguing for expansionary...
More »With a huge informal economy, government should increase spending, not worry about deficit -Maitreesh Ghatak
-The Indian Express To get the engine of the economy revving, an expansionary fiscal policy that harnesses the energy of the informal sector to boost aggregate demand is the order of the day. That India is in the midst of a serious economic slowdown is no longer in question. The debates are now mostly about what to do about it: Whether to opt for a fiscal expansion to boost demand or to...
More »Can Budget 2020 make good healthcare more affordable to common people? -Anupama Joshi
-The Indian Express As India inches towards its goal of universal healthcare, there is a need for the budget to try to ensure that healthcare sector requirements are well funded and the budget contains provisions that energise accessible, affordable and quality healthcare. Here's what the government can do to boost the healthcare sector. India’s annual healthcare spend hovers around 4 per cent of GDP with high out of pocket expenditure and low...
More »Why India faces a public funding crisis -Rathin Roy & Puja Mehra
-Livemint.com * The Centre has no money for a stimulus package. Only the states can find a way to get India out of the slowdown * States, taken collectively, are the only hope. Despite loan waivers, they are in a better position to boost public spending. But that would require coordinated work between the Centre?and the states NEW DELHI: On 1 February, finance minister Nirmala Sitharaman will present an important Union budget. The...
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