A bit cont?actiona?y, A bit expansiona?y

UPSC Practice recommends A bit cont?actiona?y, A bit expansiona?y.

India’s policy response will most likely be somewhere in the middle, with interest-rate tightening slower than in the US and a managed depreciation of the rupee. Economic activity has not yet recovered to pre-pandemic levels and the scope of substituting energy imports is limited.

Courtesy: ET Editorial-Opinion-Economic Times

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