ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Articles By A Vaidyanathan

Reviving the Economy: Problems and Prospects

Measures to relax the fiscal constraint to permit a significant increase in investment necessary to arrest and reverse the current deceleration of growth without sacrificing programmes for improving social services and providing social protection have become more compelling and urgent than ever. This calls for a strong restraint in acceding to numerous demands for tax reliefs, special assistance and "bailouts" from different groups claiming to be affected by the crisis. Such relief must be discriminating, temporary and kept to the minimum. The focus of fiscal policy must be on reviewing policies and making such changes as will protect the interests of growth over the longer term.