-Outlook India The government needs to have a large fiscal stimulus. It needs to put more money in the hands of the poor and vulnerable, Jayati Ghosh, development economist, and professor at Jawaharlal Nehru University tells Outlook. The government recently announced Rs 1.7 lakh crore economic package to help the poor deal with the impact of coronavirus and a 21-day nationwide lockdown imposed to contain the spread of the disease. Experts think...
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Covid-19: An emergency economic manifesto -Yamini Aiyar and Mekhala Krishnamurthy
-Hindustan Times To prevent distress, the State must manage the movement of people, food, money, schemes India is now in a lockdown. Whether this lockdown saves us from the dangers of the coronavirus disease (Covid-19) or not is a question that will be answered in the future. But there is absolutely no doubt that the economy is suffering, and will continue to suffer enormously, putting millions of Indians in serious danger. The...
More »Why India faces a public funding crisis -Rathin Roy & Puja Mehra
-Livemint.com * The Centre has no money for a Stimulus Package. Only the states can find a way to get India out of the slowdown * States, taken collectively, are the only hope. Despite loan waivers, they are in a better position to boost public spending. But that would require coordinated work between the Centre?and the states NEW DELHI: On 1 February, finance minister Nirmala Sitharaman will present an important Union budget. The...
More »Is the current slowdown cyclical or structural? -Deepti Mathew
-IANS While there is a consensus that the economy is slowing down, the debate is still going on whether the slowdown is structural or cyclical. The Indian economy is passing through a phase of economic slowdown, with the GDP growth registering one of the lowest rates of 5.8 per cent in the last quarter of FY19. The GDP growth rate for the first quarter of FY20 is feared to be lower than...
More »India Inc looks to govt for stimulus, but fiscal space limited as revenue falters -Aanchal Magazine, Pranav Mukul & Anil Sasi
-The Indian Express The emerging consensus within India Inc. on the need for a government-led stimulus notwithstanding, the Centre has limited fiscal space given the lower tax collections. The Budget was a missed opportunity in terms of signalling reforms New Delhi: India Inc’s clamour for a stimulus to restart the investment cycle points to a near unanimous view within the industry — that government has to do the heavy lifting first...
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