-The Indian Express
Boosting consumption by leaving people with higher disposable incomes is the key strategy
The fine print of the Union Budget for 2020-21 notwithstanding, the central strategy of the government seems to be to boost the disposable incomes of the Indian consumers.
* What was the problem slowing down the economy?
Typically, there are four engines of GDP (gross domestic product) growth. These are as follows: Consumption of the private individuals (or C), Demand for goods from the government (G), investments from the businesses (I) and the net demand from exports and imports (NX).
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