Question

What type of economic does india have ?

Answer 1

Hey there! here is ur answer:-

The economy is monetarily sovereign where the govt creates money from thin air with the balance

fiscal deficit- trade deficit = net private savings.

It runs on fiscal deficits, not taxes which are trashed.

The states of the Union use and need state taxes because they are not allowed to create money. States are NOT monetarily sovereign. States and Center have different balances.

|HopE| it *HelpS* :-)