View: Why India cannot apply rich countries’ current orthodoxy of running on debt

In rich countries, the fundamental real-world change goes under the name of secular stagnation. Older people who expect to live longer spend less per capita, as do low income households who don’t see their economic prospects improving. However, with a median age of 29 our population is young, our economy is consumption driven and inflation prone.

from Economy-News-Economic Times https://ift.tt/2ZB5DtP