Debates over restoring economic growth have focused on whether the government should risk a higher fiscal deficit or focus on structural reforms.
Nitin Desai argues that running a much larger fiscal deficit and targeting spending carefully – on agriculture, infrastructure and wage support for MSMEs – will result in a demand boost that is well worth the risk.
Read his argument here. Other views focus on the centre-state spat over GST, China’s endgame against India and the new labour codes. sums them up