Pri­mary Con­cern

The Economic Times - - The Edit Page -

The lat­est Eco­nomic Sur­vey high­lights an In­dian vul­ner­a­bil­ity—the per­sis­tence of high pri­mary deficits, es­pe­cially in view of In­dia’s rel­a­tively high rate of growth. Al­though many large emerg­ing mar­kets ex­pe­ri­ence pri­mary deficits, what makes In­dia stand out is their size over the past decade, es­pe­cially when com­pared with the coun­try’s rate of growth. At such rates, In­dia’s pri­mary deficit should have been much lower than oth­ers...

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