India's fiscal deficit and debt stand out because of its inability to raise enough revenues, shows comparison with emerging market (EM) averages
Ahead of Budget 2020, a common demand from economists and analysts was for greater spending to reignite the economy. In the end, that stimulus never came -- largely because of a lack of resources. India’s deteriorating fiscal position made any large injection into the economy difficult. But how bad is India’s fiscal situation? One measure of this comes by comparing India to its peers: 9 other emerging economies (EMs).
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