Saturday 31 December 2022
  • :
  • :

Primary Deficit & Real GDP Growth

The latest Economic Survey highlights an Indian vulnerability–the persistence of high primary deficits, especially in view of India’s relatively high rate of growth. Although many large emerging markets experience primary deficits, what makes India stand out is their size over the past decade, especially when compared with the country’s rate of growth. At such rates, India’s primary deficit should have been much lower than others…

Leave a Reply

Your email address will not be published. Required fields are marked *