SBI Research said continuing slowdown has ‘raised the spectre of whether slowdown is temporary or not’ but stopped short of answering the question. Photo: AFPMumbai: Noting that the economy has been on a downslide since September 2016, SBI Research on Tuesday said the slowdown is real and not technical and called for more public spending to arrest the slide. “We certainly believe that we are in a slowdown mode since September 2016 and a slowdown that has been prolonged to Q1 of this fiscal year is technically not short-term in nature or even transient,” SBI Research said in a report. The report said continuing slowdown has “raised the spectre of whether slowdown is temporary or not” but stopped short of answering the question. “We believe the government should consciously expand spending and fiscal deficit, without disturbing the borrowing maths,” the report said.

Source: Mint September 19, 2017 09:56 UTC