Cracking India’s Fiscal Code

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Across
  1. 2. India’s economy is considered the fastest growing ______ economy
  2. 4. Government’s yearly gap between spending and revenue is called ______ deficit
  3. 5. Opposite of monetary policy (related to government spending)
  4. 8. India’s growth is termed not cyclical but ______ (IMF view)
  5. 10. Symmetry between fiscal and monetary policy creates ______ stability
  6. 13. IMF stresses need for sustained fiscal ______ over medium term
  7. 14. The ratio comparing government debt with GDP
  8. 16. India’s macro story is described as ______ rather than volatile
  9. 17. Policy controlling government spending and taxation
  10. 19. Fiscal discipline creates room for capital ______
Down
  1. 1. Finance Minister of India mentioned in the article
  2. 3. The global institution praising India’s growth momentum
  3. 4. India is described as a ______ of stability in a global uncertain world
  4. 6. A fall in interest rates is called a rate ______
  5. 7. Debt relative to GDP indicates economic ______
  6. 9. Reduction of fiscal deficit over time is called fiscal ______
  7. 11. Policy controlled by central bank (interest rates, liquidity)
  8. 12. India was once part of the “Fragile ______”
  9. 15. Global uncertainty is driven by geopolitical ______
  10. 18. India’s low debt gives it fiscal ______