Conning's Franklin Says India Needs Fiscal Policy

The video discusses the impact of interest rates on inflation in India, suggesting a shift towards fiscal policy for economic growth. It highlights India's GDP growth improvement, challenges in the rural economy, and the importance of infrastructure investment. The implementation of GST is slow, affecting small businesses. The fiscal position is under scrutiny due to a high budget deficit, necessitating a conservative monetary policy.

In what ways is the sensitivity of the real economy to interest rates changing?

What challenges are associated with the bureaucratic implementation of GST?