Why ​India’s illusory V-shaped rebound shouldn't prompt premature fiscal conservatism

Considering the past, from the time when India’s economy was classified as the “fragile five” in 2013 to being labelled as the fastest growing economy and yet seeing the ever-expanding joblessness and rising impoverishment, the irony has never been so stark. Contrasting the significant improvement in the financial matrix of large corporates, the balance sheets of households, government, and small/informal businesses have worsened considerably.

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