Economic Survey 2020-2021 proposes debt-financed fiscal spending to be the driver of growth. Examine the basis of this argument and the risks involved. 10 marks

Mentor’s comment- https://www.thehindu.com/opinion/op-ed/a-changing-fiscal-framework/article33916726.ece In the intro, mention India’s fiscal deficit for FY2020-21. In the body, mention Oliver Blanchard’s argument for … Continue reading Economic Survey 2020-2021 proposes debt-financed fiscal spending to be the driver of growth. Examine the basis of this argument and the risks involved. 10 marks