3 min read.Updated: 21 Dec 2015, 01:38 AM ISTLivemint
Deviation from the consolidation path will affect government's credibility
It is important for policymakers to not shift focus from long-term objectives for short-term gains. The mid-year economic review, released by the finance ministry last week, argued in favour of relaxing the fiscal deficit target in order to address demand issues in the economy. The government would do well to avoid any such temptation.