India’s macroeconomic stability is impressive compared to many of its peers. Pandemic spending wasn’t excessive. The fiscal deficit has been steadily shrinking as a proportion of GDP. The rupee has been remarkably stable. And “core� inflation, which excludes food and fuel prices, has eased to 3.3% year-on-year. But it is still government actions that are pushing growth up or down, rather than the choices made by India’s private sector
India’s macroeconomic stability is impressive compared to many of its peers. Pandemic spending wasn’t excessive. The fiscal deficit has been steadily shrinking as a proportion of GDP. The rupee has been remarkably stable. And “core� inflation, which excludes food and fuel prices, has eased to 3.3% year-on-year. But it is still government actions that are pushing growth up or down, rather than the choices made by India’s private sector India’s macroeconomic stability is impressive compared to many of its peers. Pandemic spending wasn’t excessive. The fiscal deficit has been steadily shrinking as a proportion of GDP. The rupee has been remarkably stable. And “core� inflation, which excludes food and fuel prices, has eased to 3.3% year-on-year. But it is still government actions that are pushing growth up or down, rather than the choices made by India’s private sector Moneycontrol Latest News Read More
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