Goyal, Ashima
Macroeconomic outlook and medium-term growth prospect after the budget
- Economic & Political Weekly
- 60(16), Apr 19, 2025: p.24-28
The slowdown and its reversal that followed government capital expenditure confirm that the quality of government expenditure creates stimulus even with overall fiscal consolidation. But an eye needs to be kept on global volatility and compensatory domestic measures taken. Post-pandemic policy demonstrated this capacity. Given the many areas where states have to deliver, formal coordination frameworks may be necessary.- Reproduced
https://www.epw.in/journal/2025/16/budget-2025-26/macroeconomic-outlook-and-medium-term-growth.html