Only foreign think-tanks are talking fiscal prudence, fiscal prudence. I strongly believe an expansionary policy can benefit the party,” he said in an interview on Tuesday night. India’s 10-year benchmark bond yield rose 4 basis points to 7.53% after the news, its highest since Jan. 8 on worries about the fiscal deficit. “And what’s the so sacrosanct issue about keeping the fiscal deficit at less than 3.5%? If you don’t adopt an expansionary economic policy, then the government alone can’t create demand by just spending on infrastructure.

Source: Dhaka Tribune January 16, 2019 16:18 UTC