View: Decoding the economic contraction

The major challenge for revival has been the narrowing fiscal space for the government to enable spending on one hand, and the problem of overleveraged balance sheets for banks and corporates on the other. The limitation of the government on the fiscal front has made all efforts on the monetary side by the Reserve Bank of India ineffectual.

from Economy-News-Economic Times https://ift.tt/2ZnDLJL