THe Blog

June 18, 2019

India’s budget needs to relook at its math

In this Mint article on suggestions for the upcoming budget, Data Journalist Nikita Kwatra quotes Research Director and Senior Fellow, Niranjan Rajadhyaksha's recent paper on India's macroeconomic environment. Excerpts:

 

"...Any serious discussion on how the Indian economy has performed in recent years is hampered by, among other things, “the problem of public sector borrowing requirement (PSBR) being higher than the reported fiscal deficit because of extra borrowing by government agencies...," said a recent IDFC Institute working paper authored by the economist and Mint columnist Niranjan Rajadhyaksha..."

 

Read the whole article here.

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