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6) What do you understand by economic austerity? Were austerity measures successful in Europe and the UK aftermath of 2008 global financial crisis? Also examine if it’s feasible for countries to still opt for austerity measures in the present global economic scenario.

Topic Indian Economy and issues relating to planning, mobilization of resources, growth

6) What do you understand by economic austerity? Were austerity measures successful in Europe and the UK aftermath of 2008 global financial crisis? Also examine if it’s feasible for countries to still opt for austerity measures in the present global economic scenario. (200 Words)

The Hindu