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Resource centre on India's rural distress
 
 

From PM economic council to Niti Aayog, growing disquiet over Govt tight fist -P Vaidyanathan Iyer

-The Indian Express

Advisors urged fiscal push in form of wage subsidy, rural infrastructure

Speaking to The Indian Express on September 26, Union Finance Minister Nirmala Sitharaman said that she is open to “the need for further stimulus” and its timing.

That may not be much of an assurance given the growing sense of disquiet in expert bodies including the Prime Minister’s Economic Advisory Council, the Niti Aayog and the Chief Economic Advisor’s office.

Several policy-influencers in these bodies are befuddled at the Central government’s aversion to spend more now despite their unanimous view that a fiscal stimulus — sooner than later — will place India better to take advantage of the major reforms being pushed in agriculture and labour.

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