(PTI)
The government should focus on alternate measures to stimulate economy as it is not possible to give fiscal stimulus, NITI Aayog Vice-Chairman Rajiv Kumar said ahead of the Budget. Kumar also said growth-enhancing measures are the need of the hour to achieve India’s potential growth rate of 7-8 per cent per annum.
He attributed the current slowdown to low investment, muted consumption expenditure and lagging exports.Experts are divided over whether the government should provide stimulus to boost slowing economy without bothering too much about fiscal deficit.”Growth-enhancing measures are the need of the hour to achieve India’s potential growth rate of 7-8 per cent per annum.”However, the government’s ability to finance a large stimulus is admittedly constrained. Therefore, attention will have to be on alternate measures to stimulate a recovery,” Kumar said in a newsletter ‘arthNITI’.
