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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.
The ‘Y’ factor in India’s economy: Fiscal stimulus not enough, the country needs jobs to spur growth
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