“INFRASTRUCTURE SPENDING HAS THE MAXIMUM BANG FOR THE BUCK”
Why did you propose a counter-cyclical fiscal policy?
The idea is simple. Intrinsically, an economy always has its ups and downs. There are business cycles, peaks and troughs. If the fiscal policy is counter-cyclical what does that mean? When the economy is doing well and the private sector is also doing well, that’s the time when fisc (government spending) should take a step back. But when the economy is doing not so well and there is a slowdown, as a result of which the private sector is also not doing very well, the government needs to move in to fill the void. Result: Your peaks are not so
