8.The fiscal position of the government both centreand states has been – InterviewSolution

1.	8.The fiscal position of the government both centreand states has been under stress in recentdecades. Comment
Answer» In a not-so-happy global economic scenario, India has been hailed as one of the few beacons of light. India is the world’s largest democracy with a federal structure, plural cultures, higheconomic growthand strong macroeconomic fundamentals. It is a great achievement that India has clocked growth rates in the range of 7% even while maintaining its targets onfiscal deficitand reining ininflation.

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