While the finance ministry tries to address the slowdown by spending beyond what their pockets allow, it must not forget to ensure that the numbers are credible over the medium term. Moreover, it’s time we discuss about the credibility of finance ministry as much as we bat for a credible central bank.
Which Lever to Pull- Monetary or Fiscal?
Published on :The simplified bottom line is here. While slow growth with high inflation suggests supply side rigidities, slow growth with inflation below target suggests demand weakness.