In anticipation of the Union Budget, suggestions from RBI to increase consumption spending raise concerns over fiscal discipline. Critics argue for sustainable growth through tax cuts and deregulation instead of government intervention.
RBI Staff Recommendations on Consumption Boost Questioned Amid Fiscal Responsibility Calls
All Versions
Jan-19
Economy
Score: 0.50
RBI suggests boosting consumption to revive economy amid slowing GDP growth, high food inflation, ahead of Union Budget.
From BusinessLine
Economists Urge Government to Boost Consumption to Tackle Soaring Inequality and Revive the Economy
4
Jan-19
Economy
Left Variant
Score: 0.20
In the face of stagnating wages and rising living costs, RBI staff advocate for increased government spending to fuel consumption and drive equitable economic growth, urging action in the upcoming Union Budget.
From BusinessLine