Fiscal stimulus need of the hour to revive India's stuttering economy: Analysts
Economists and analysts say it is time to loosen the purse strings and let the fiscal deficit climb above the targeted 3.3% until the economy is back on its feet.The Reserve Bank of India has already chopped 135 basis points off its key lending rate, but this…
Mumbai: India has depended on monetary policy to support its economy growing at its slowest pace in six years but the government must now deploy more direct fiscal stimulus or risk a long period of stagnation, analysts and experts say.
Growth in Asia's third
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