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The top 10 challenges for India
June 17, 2008
5. Introduce a credible fiscal policy
The Goldman Sachs report says that India should introduce a more credible medium-term plan for fiscal policy. Targeting low and stable inflation is not easy if fiscal policy is poorly maintained. It would be helpful to develop some 'rules' for spending over cycles, the report adds.
Image: A man walks out of The Reserve Bank of India building in Mumbai. | Photograph: Sajjad Hussain/AFP/Getty Images
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