Budget 2025: What is growth recession and how what does the government counter it?
- Posted on December 16, 2024
- By Business News Today
- 3 Views
Budget 2025: What is growth recession and how what does the government counter it?
India's Finance Minister, Nirmala Sitharaman, is set to present the FY26 budget amidst concerns of a potential 'growth recession.' This economic phenomenon, coined by Solomon Fabricant, describes slow growth coupled with job losses. While not as severe as a full recession, it presents challenges like reduced consumer spending and unemployment.