Our growth numbers look reassuring, but slowing nominal GDP could constrain the Centre’s ability to take stimulus action through fiscal spending. Since debt must be reduced as a ratio of GDP, slower expansion in rupee terms makes less space for the government to borrow at today’s rate of interest.
India’s real economic growth looks healthy but fiscal space will shrink unless its nominal pace picks up
📅 Published: January 13, 2026 |
📂 Category: Uncategorized
