Why Governments Spend More During Elections
As the general elections approach this year, it is anticipated that government debt will rise, a trend commonly observed as governments tend to increase spending during election periods to bolster their chances of retaining power. This practice, recurring in almost every election season and observed globally, has mistakenly been normalised, with its significant impact on us, the ordinary citizens, often being overlooked.
India’s Fiscal Deficit Looks Set to Surpass Target
India’s fiscal deficit is likely to exceed the 5.9% of gross domestic product (GDP) target, according to India Ratings and Research. Though by a small margin, the increase could have several implications for the Indian economy and its citizens.
How India’s Persistent Trade Deficit Affects Us
India’s trade scenario in October presented a startling revelation. The country’s merchandise trade deficit, a measure of how much more we import than we export, hit a record high of $31.46 billion, after months of persistent high deficit. It depicts the bad health of our economy.