Ruchir Sharma at Express e-Adda: ‘High debt, fiscal deficit… India can’t print its way out of the mess’

New York-based Sharma, who is one of the finest observers of contemporary Indian politics and economy.(File)

WHILE COUNTRIES like the United States have extended sizeable fiscal stimulus packages during the Covid-19 pandemic, India’s standing as a developing country with high public debt and fiscal deficit makes it difficult to follow suit, according to Ruchir Sharma, Head of Emerging Markets and Chief Global Strategist at Morgan Stanley Investment Management.

The country cannot “print” its way out of “this mess”, he said at the Express e-Adda on Monday.

To a question on the demand by many experts and economists to spend more, Sharma said:…