India's Social Sector Spending Inadequate By Global Standards

New Delhi: India's quantity and quality of social sector spending is "inadequate" by global and other emerging market standards, and the upcoming budget should address this sector, says an HSBC report. According to the global financial services major, fiscal multipliers of health and education spending are even higher than that of capex, but they often get side-lined. "Given the mismatch with the election cycles, it comes as no sur...