In the next 5 minutes, you will learn about government borrowing in India and the associated dangers. If you have always read this term in the newspaper but never understood it completely, don’t worry because I will use no jargon. Like the heading says, its in plain English. In the last post I explained what […]
Fiscal deficit of India in plain English
Individual – Revenue and expenditure An individual like you and me earns money through the year usually from salaries, from a business income or by selling an asset like a house or stocks. We spend money on basic needs of food, clothing, and shelter, goods like TVs and motorcycles and on services ranging from haircuts […]