Now that the first half of the financial year is over, the government has enough data to make a realistic assessment of the economic situation. This will help ascertain the kind of support the Indian economy needs. It would then be critical to evaluate the extent to which the government can stimulate economic activity, and how the required resources can be raised with minimal market disruption. In this context, our lead editorial argues that the government will need a clear road map for fiscal intervention to maximise its impact on the economy. Read here
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