A Health Check of India’s Economy

The video discusses the ongoing trade deficit, highlighting a consistent 15 billion mark over several months. It examines the contraction in non-gold imports, indicating a domestic demand slowdown, and links this to global economic trends. The fiscal policy is critiqued for being pro-cyclical, with a focus on revenue expenditure, while maintaining financial stability. The video also explores monetary policy, noting past rate cuts and potential future actions by the RBI, given the benign inflation and growth concerns.

What are the implications of the core inflation numbers mentioned in the text?

What is the significance of the fiscal policy discussed in relation to economic growth?