Policy makers, don t run scared

  • 29/09/2004

Policy makers, don t run scared The prospect of an "employment guarantee act' strikes terror in the heart of many fiscal experts. A full-fledged employment guarantee programme is likely to cost between one and two per cent of India's gross domestic product (gdp). This might be a small price to pay to protect the bulk of the country's rural population from hunger and insecurity. But for the fiscal policy-maker who has to cope with many competing demands

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