Skip to main content

Missed fiscal target this year would not be all bad news

India looks set to miss its fiscal target this year, even in the optimistic case that the government fully delivers on its plans to sell stakes in state-owned companies. But this was always likely given that rampant expenditure by the previous government in the first quarter of this fiscal year set up a difficult starting point. In any case, with the economy currently operating well below capacity, a slightly looser fiscal stance is no bad thing. 

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.

By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.