Short-term fiscal fixes now may hurt India in long term (Livemint)


Andy Mukherjee , Reuters Desperation is creeping into India’s economic policymaking. Having lost the fiscal plot, bureaucrats are trying to marshal resources by squeezing taxpayers, foreign investors, firms planning buybacks and even the central bank. Such overreach never ends well. Tax collections last year were a full 1 percentage point of gross domestic product (GDP)…


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Updated: July 10, 2019 — 1:50 PM