Mundle, Sudipto and  Sahu, Ajaya <br/><br/>
Trade-off between fiscal consolidation and high employment-intensive growth 

 - Economic & Political Weekly   
 - 60(16), Apr 19, 2025: p.19-24 
<br/><br/> A large reduction in government capital expenditure growth in 2024–25 and 2025–26 to meet fiscal deficit targets primarily accounts for the recent decline in growth, since capex growth is a key driver of GDP growth. The greater flexibility of the new debt-to-GDP related fiscal consolidation framework should be exploited to restore high government capex and GDP growth. Fiscal incentives to accelerate the growth of large, employment-intensive sectors like construction are also necessary for more employment-intensive growth.- Reproduced <br/><br/>https://www.epw.in/journal/2025/16/budget-2025-26/trade-between-fiscal-consolidation-and-high.html<br/>