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Raju
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Comments by "Raju" (@rajx7120) on "Why is Modi govt on a strong wicket on fiscal deficit u0026 why are some states struggling?" video.
She moved to Mumbai for new job. ThePrint studio is in Delhi.
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Do governments ever pay back their fiscal deficits? Year after year, I see a negative, and I expect the debt to keep increasing. But somehow debt percentage seems stable. How exactly?
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Modi govt's economic management during Covid was most prudent in the world. This is because we didn't give too much stimulus like Western countries. Because of that stimulus cash pumped into the economy, Western countries are facing very high inflation of 9-10%. India's inflation has not reached beyond 7.2%. And exports have risen a lot. Also, bank NPAs are at the lowest in last 8 years. So, it is good time for private sector to expand and create more jobs. And it is better to have lower corporate tax rate, because then that would trickle down in employee salaries, who then pay direct and indirect taxes. What we need to focus on, is energy independence. Because we lose money on energy imports.
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