All eyes are on finance minister Nirmala Sitharaman who will present the Union Budget on Saturday. A ramp-up in fiscal spending to revive growth seems likely. With key indicators including GDP, exports, investment showing poor numbers what can be done to increase consumption and revive growth? Greater infrastructure spending would help drive investment. On the other hand, a tax cut for the salaried could stimulate spending. Some argue it may be better to put money in the hands of the poor who have a greater tendency to spend. The choices are many, and Sitharaman has an unenviable task.
All eyes are on finance minister Nirmala Sitharaman who will present the Union Budget on Saturday. A ramp-up in fiscal spending to revive growth seems likely. With key indicators including GDP, exports, investment showing poor numbers what can be done to increase consumption and revive growth? Greater infrastructure spending would help drive investment. On the other hand, a tax cut for the salaried could stimulate spending. Some argue it may be better to put money in the hands of the poor who have a greater tendency to spend. The choices are many, and Sitharaman has an unenviable task.