According to Reuters, India does not need further fiscal stimulus to revive the economy, despite record low inflation and growth seen at the lower end of an 8.1-8.5 percent target this financial year, citing chief economic adviser Arvind Subramanian.
Source: India doesn’t need extra stimulus, will grow over 8 percent: chief adviser | Reuters
This is impressive stuff from India. It’s interesting that the Indian government is trying to balance fiscal responsibility AND 8% economic growth.
Perhaps Germany and the European Union can learn from India about responsible fiscal policy?