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

DecelerationSubscribe to Deceleration

Inclusive Fiscal Adjustment for Reviving Growth

Unrealistic revenue projections leading to strong expenditure compression is primarily responsible for India’s growth deceleration. Growth will decelerate further without a programme of deep fiscal adjustment. How a fiscal space, amounting to over 6% of the gross domestic product, can be freed through such an adjustment programme is demonstrated. This space can be potentially used for an inclusive public expenditure-led strategy for reviving growth.

Dilemmas of Imperialism:Enfeebled Dollar

There are no buoyancy factors within the US internal market that could give a fillip to a US upturn. The international market, with the exception of China, has similarly entered a state of sustained deceleration. Hence the plight of the wobbly dollar bodes ill as US capitalism lurches from one crisis to another.
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