Public spending to make private less ltd

UPSC Practice recommends Public spending to make private less ltd.

The ratio of gross fixed capital formation (GFCF)-to-GDP in current prices stood at 28.6% in 2021-22 against 26.6% in 2022-23. The government’s spending and policy must be to boost growth and accelerate the pace of investment, including by foreign direct investment, to lower the fiscal deficit.

Courtesy: Opinion-Economic Times

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