If implemented, the corporate tax cut suggested by a government panel this week wouldn’t have a material impact on the fiscal position. But it would be indicative of a more accommodative fiscal stance that will make it hard for the finance ministry to meet its budget deficit target this year. Meanwhile, the flooding in Kerala over the past couple of weeks has already had a significant human cost. But from an economic perspective at least, the damage should be manageable.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services