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.
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