Best of BS Opinion: Policy balance, slowdown in global demand, and more

Here is the best of Business Standard's opinion pieces for Thursday

The current account deficit is expanding at a time when the government is running a higher fiscal deficit, which is expected to remain elevated in the medium term. Even though India has buffers, higher “twin deficits” are always a risk for macro stability. In this context, our lead editorial notes that visible adjustments in both fiscal and current account positions will help strengthen macroeconomic stability, support economic activity, and boost investor confidence. Read here

Evidence of excess capacity globally could push out the need for new capacity in India, not just due to the weakening of prospects