Fiscal consolidation, which involves a targeted reduction in the deficit, is necessarily contractionary, as it lowers output (Mint file)

Too much of macro-stability in India?

1 min read . 13 Aug 2019
Finance minister Nirmala Sitharaman and minister of state Anurag Thakur hold a pre-budget consultation meeting with representatives of the financial sector and capital markets in New Delhi. (Photo: PTI)

Making sense of the NBFC puzzle box

9 min read . 16 Jun 2019