How to open taps if tank is empty?

"India was expected to grow in double digits in 2021-22," wrote Vivek Kaul. "However, most double-digit economic growth forecasts for the current financial year have been cut to single digits." In June, the World Bank "slashed India's GDP forecast to 8.3% for FY22, the fiscal year starting April 2021, as against its earlier estimate of 10.1 percent", Business Standard (BS). The Economic Survey, presented in January before the annual Budget, predicted a V-shaped recovery with the GDP growing at 11%, Economic Times (ET). A few days back the Reserve Bank (RBI) retained its "real GDP growth projection at 9.5 percent in 2021-22, BS, and raised its forecast for average consumer price (CPI) inflation to 5.7% from 5.1% projected earlier, CNBC. All these predictions are of real GDP growth which is calculated after adjusting for inflation compared to a base year (Investopedia), which is 2011-12 at present but maybe changed to 2021-22, ET. The RBI's Annual Report for FY21 showed that, "After the decline in the wake of the Global Financial Crisis, the Indian economy started its recovery in March 2013 -- more than a year before the present government took charge," wrote Udit Misra. "But more importantly, this recovery turned into a secular deceleration of growth since the third quarter (October to December) of 2016-17" and "the GDP growth rate steadily fell from over 8% in FY17 to about 4% in FY 20, just before Covid-19 hit the country". India's investment to GDP ratio was 26% in 2000-01, jumped to 34.3% in 2011-12, and fell to "an almost two-decade low of 27.1% in 2020-21", wrote Kaul. Exports jumped from 13% of GDP in 2000-01 to 25.4% in 2013-14, and then fell to 18.7% in 2020-21. Private consumption as a share of the economy increased from 56.2% in 2011-12 to 60.5% in 2019-20 but has fallen to 58.6% of GDP in 2020-21. Investment depends on private consumption, which depends on income growth, which, in turn, depends on increased investment. "This has become like a chicken-and-egg story which has proven difficult to break." "Consumer sentiment in India stayed put near record low in July, weighed down by lower income and higher cost of living," according to survey by the RBI, ET. "The current situation index was at 48.6 in July from 48.5 in May showed the RBI's consumer confidence survey that covered 5,384 households across 13 cities. A score below 100 suggests a pessimistic view  in terms of economic conditions, while anything above that denotes the opposite." Between its June and August meetings, the Monetary Policy Committee (MPC) of the RBI reduced growth projections for the second, third and fourth quarter without giving any reason for doing so, "But this is most likely because of demand-side damage," wrote Roshan Kishore. The MPC has raised its expectation for inflation, so are these precursors of a period of stagflation in India? fears Kishore. The bond market is sceptical, wrote Madan Sabnavis. "The 10-year bond has seen an increase in yield from 6.20 to 6.24% which shows the continuation in scepticism which has been witnessed also in successive auctions on Friday when paper goes unsubscribed or devolves on the PDs. Interestingly, the auction of 6.10% 2031 paper was not subscribed." Finance Minister Nirmala Sitharaman "is the first economist in charge in the North Block after Manmohan Singh," wrote Puja Mehra. "The uncertainty about consumer behaviour continues to keep private sector investment plans on hold. Captains of industry want the government spending taps opened." "The finance minister's response came last month." But, "None of her 'Atmanirbhar' packages so far will do much to address the key challenge that will define Narendra Modi's prime ministership in the long run: the jobs crisis." All these contortions mean only one thing -- the government has no money. Or it is holding on to cash to bribe voters, like farm loan waiver, just before assembly elections next year, especially in UP, wikipedia. Just like before the general election in 2019, Deccan Chronicle. By that time it maybe too late.