1. Indian growth rates are substantially higher, while inflation rates are also substantially greater. |
2. India's own recent experience highlights the risks associated with increasing growth rates through fiscal activism. The two episodes of Indian macro vulnerability in the last 35 years - 1991 and 2013 - were associated with large increases in fiscal deficits. |
Identify the correct statements: |
A) 1 only
B) 2 only
C) Both 1 & 2
D) None of the above
Correct Answer: C
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