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How should the government revive demand?

What happens when, with government expenditure unchanged at Rs 65 trillion, the FM decides to reduce the tax rate, mobilise less revenue and let the deficit widen by Rs 1 trillion?

Topics
Economic policy | Economic Crisis | India trade deficit

Saral Bachaspati  |  New Delhi 



Saral Bachaspati

In the current economic slowdown, many claim that demand is the key issue that needs to be addressed. The important question that arises in this context is: If the finance minister (FM) decides to revive demand, how should she do it? Chairing the session on Founder’s Day lecture at the Institute of Economic Growth on 15 November, Naushad Forbes posed precisely this question to the august assembly of economists (See reference 1).

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First Published: Fri, November 29 2019. 01:10 IST

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