Tag demand

Consequences of supply-side strategy to curb inflation

The fiscal policy of the Union government is highly paradoxical in nature while realizing the growth targets. Deriving pieces of evidence from Budget-2022, which has overtly chosen the supply-side path and contradicted the fundamentals of ‘Keynesian economics’ (popularly known as demand-side economics) that showcases reluctance among the producers to produce in the absence of adequate demand.