ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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A Macro Story

The Great Reversal

Adverse supply shocks in agriculture have contributed to the slowdown of the Indian economy and the inflation surge. A decline in public capital formation has also played a part in the slowdown. However, the contribution of the widening fiscal deficit is less clear-cut. A revival of growth calls for an easing of the constraints in the farm sector and larger public investment outlays, accompanied by higher public savings.

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