India should consider energy and interest rate subsidies to ensure growth doesn’t falter

Subsidies can upset the fiscal balance. But the government has a bit of cushion available right now in the form of buoyant revenue collection, particularly GST

Subir Roy
October 07, 2022 / 12:57 PM IST
India should consider energy and interest rate subsidies to ensure growth doesn’t falter

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A vast majority of CEOs across the world expect the global economy to be hit by recession over the next 12 months. However the silver lining to the cloud is that the ill winds will not persist and the longer term prospects are bright. This outlook is the result of a succession of adverse developments like the pandemic, global tensions emerging from the Ukraine war and the resultant inflationary pressures creating serious financial difficulties. These are some of the findings...