Fiscal Policy Key to Boosting Indian Economy Growth, Study Finds
The article models the Indian economy from 1980 to 2019 using a mix of Keynesian and neoclassical economic theories. They created equations to represent how different factors like consumption, investment, exports, and imports affect the economy. The study found that fiscal policies have a bigger impact on economic growth in India compared to monetary policies. They suggest that increasing government spending can help boost the economy.