4min chapter

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How Will the Ukraine Crisis Impact India’s Economy?

Grand Tamasha

CHAPTER

Is There a Medium Term Pathway for Fiscal Consolidation?

The challenge of most emerging markets in apposed pandemic world is debt is ballooned. How do you first stabilize det and then bring it down? We have to focus on arbula, further rationalizing g s t rates,. expanding the base, getting agreement between centre and states. We need to do direct ax. So there's a whole focus. There's so much focus on deficit etting the focus instrument. But how do you raise revenues to deficits down without the needed investments tetynedssided? It was precisely to this issue that we were talking earlier about fiscal facit consolidation.

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