Status: Draft -- Not PublishedWill be live at 02/08/2022 07:57
Economic Views: India’s FY23 Budget and Fiscal Risk
- India’s FY23 budget sticks to very gradual fiscal consolidation, …
- lifts investment and aims for mild adjustment through FY26.
- This makes the budget neutral or even a bit positive for growth, …
- but will put pressure on yields and issuance for a long period.
- Slow fiscal adjustment is compatible with debt stabilization, …
- because growth is still higher than in most emerging markets.
