illusion8
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Fiscal spending in terms of infrastructure spending have a multiplier effect, they spur economic growth.
China and India are on extreme ends when it comes to infrastructure spending. While Chinese spending on roads and power exploded since late 1990s, India stagnated. India not only spent less (focusing on expanding their services sector), but were highly inefficient too.
View attachment 397591
View attachment 397592
Those are old statistics..10-15 years old.
Here's the latest one.
2016 - India's Infrastucture investment - $252 Billion
2017 - India's Infrastructure investment - $300 Billion
Note: I am no where comparing it with china, but its not stagnating - its increasing.