Finance Minister Nirmala Sitharaman and Minister of State Anurag Thakur arrive at Parliament to present the Union Budget 2019-20, in New Delhi. (Source: PTI)
The slump facing the Indian economy is the deepest since the global financial crisis of 2008. Real GDP growth is expected to fall to 5 percent in 2019-20, according to the First Advance Estimates released by the government. Nominal GDP growth is expected to fall to 7.5 percent, the lowest in 42 years as per SBI Economic Research’s measure.Should such a deep slump prompt the government to step up spending to support the economy? Or sh...