Current economic landscape may not allow government to go for fiscal consolidation immediately: YES Bank chief economist

Indranil Pan “Expenditure needs are clearly cut-out and the government should not shy away from them to attain its objective of fiscal consolidation. The good thing is that resource generation might not be the biggest problem in FY23 as, with sticky inflation, nominal growth for the economy is likely to be close to 14 percent in FY23 on top of the 17.6 percent estimated for FY22.

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