-The Hindu
The government has to garner resources and give a boost to the economy by increasing its investments
The Centre and the States are so short of resources that their fiscal deficit is burgeoning. The Prime Minister, at a function of the Associated Chambers of Commerce and Industry of India recently, was optimistic but the Reserve Bank of India (RBI) Governor was less positive, admitting that the country’s economic problems are also structural. The government has argued that its structural reforms would pay dividends in the long run. Whether or not that happens, action is needed now. So, what should the government do?
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