On November 4, Prime Minister Narendra Modi announced that free foodgrain will continue to be provided to more than 80 crore poor Indians until December 2028
India has shown exemplary fiscal behaviour throughout multiple global shocks. Government debt went up less and came down faster than major systemic economies whose imprudence is creating risks for the rest of the world. India has among the best prospects for fiscal consolidation. It is the strategy underlying this outperformance that needs to be understood and emulated elsewhere.