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Mint Quick Edit | The paradox of thrift—why austerity overdone could hurt India’s economy

Mint Quick Edit | The paradox of thrift—why austerity overdone could hurt India’s economy

Mint Quick Edit | The paradox of thrift—why austerity overdone could hurt India’s economy



As Indians are urged to spend less and save more, is the economy at risk of a problem identified by Keynes almost a century ago? That depends on whether austerity behaves like inflation sometimes does.

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