Posted 2/18/2024, 10:45:39 AM
India's Economic Growth Relies Heavily on Government Spending, Needs More Balanced Drivers
- Economy growing fast but relying too much on government investment, needs private investment and consumption to pick up
- Government faces tradeoff between infrastructure spending and fiscal deficit targets
- Benefits of growth not reaching lower income groups to spur consumption
- Political parties offering more freebies with high opportunity costs
- India needs to fire on all economic cylinders, not just one, for sustained high growth
