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View: Judge an expansionary fiscal policy by how quickly it props up the economy Instead, should countercyclical fiscal policy become part of our policy lexicon to be used judiciously, but unapologetically? The clamour for fiscal stimulus is, incidentally, not a product of the Covid pandemic. Synopsis ​​Thus, it might be prudent to go the extra mile to consolidate debt when the economy is booming. A way to formalise this would be to target an average fiscal deficit ratio over a period, instead of defining a linear glide path. A senior economist of the government was recently reported to have told a group of industrialists that asset creation, and not fiscal stimulus, was the budget’s aim. This somewhat curious interpretation of what at first glance appears to be textbook fiscal stimulus, reflects a mindset common among our policymakers for many years now. This often compels them to be somewhat apologetic about fiscal expansion, choosing to couch these efforts in less

Indian economyGdp growthFiscal stimulusFiscal policyExpansionary fiscal policyCovid crisisAsset creationஇந்தியன் பொருளாதாரம்ஜீடீபீ வளர்ச்சிநிதி ஸ்டிம்யுலஸ்நிதி பாலிஸீசொத்து படைப்பு