The last time that India had genuine high growth was between 2009 to 2011. These were the years of high fiscal deficit. The UPA had managed to fight off the impact of the global slowdown after the 2008 financial crisis, by spending more and boosting economic activity. The Modi government has no option but to do the same, if it wants to fight the slowdown India is facing.
Modi Sarkar Must Expand Fiscal Deficit to Boost Economy | Mint Wide Angle
The last time that India had genuine high growth was between 2009 to 2011. These were the years of high fiscal deficit. The UPA had managed to fight off the impact of the global slowdown after the 2008 financial crisis, by spending more and boosting economic activity. The Modi government has no option but to do the same, if it wants to fight the slowdown India is facing.
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