Opinion | Let data on fiscal multipliers guide budget allocations
A boost in capital outlays to help attract private investment is what India’s economy needs
What should the government do to kick-start the economy, which has been slipping further and further? The question itself has been contentious, with opinions often based on which side of the economic fence you sit on. Thus, there are economists blaming the demand side for the current morass and calling for measures to prop the economy by bolstering aggregate demand. There are others who attribute the mess to supply-side factors, and hence suggest structural reforms.