India still desperately seeking green shoots9 min read . Updated: 18 Feb 2020, 10:44 PM IST
- High-frequency indicators show a small festive season consumption bump in late-2019. But is it a mirage?
- In this scenario, govt spending will continue to be important. But the economy is not generating enough taxes for the govt to spend. The tax kitty was down 10.6% in Q3.