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100 _a Mundle, Sudipto and Sahu, Ajaya
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245 _aTrade-off between fiscal consolidation and high employment-intensive growth
260 _aEconomic & Political Weekly
300 _a60(16), Apr 19, 2025: p.19-24
520 _aA 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 https://www.epw.in/journal/2025/16/budget-2025-26/trade-between-fiscal-consolidation-and-high.html
773 _aEconomic & Political Weekly
942 _cAR