Business The ‘Y’ factor in India’s economy: Fiscal stimulus not enough, the country needs jobs to spur growth Updated : September 24, 2019 06:58 AM IST By pure consumer-driven economics, there was no denying that the Indian economy was heading towards a downward spiral. Stimulus is seldom an answer to growth issues as in times of uncertainty, consumers like to hold on to cash. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.