How the government staff pay bonanza may affect the economy

By Ishaan Gera

  • 20 Nov 2015
Premium
Other | Credit: Reuters

The Indian government’s proposed increase in staff salaries and pensions that will cost the exchequer Rs 1.02 lakh crore ($15.4 billion) may derail the fiscal targets in the short term but boost consumer spending in an economy that is showing signs of an uneven recovery.The government on Thursday released the ......

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