Covid-19: India's fiscal response to tackle the economic crisis wanting

Till August 2020, India has spent 1.2% of its gross domestic product directly from budgetary resources

India’s policy response to tackle the economic crisis has been the weakest among a group of 20 major countries in the world, a recent analysis by India Ratings reveals. 

A Business Standard calculation shows that these 20 countries make for more than 60 per cent of the world’s population and account for nearly 75 per cent of the global coronavirus cases, with India leading globally in terms of daily new Covid-19 cases. 

Till August 2020, India has spent 1.2 per cent of its gross domestic product (GDP) directly from budgetary resources. 

Only the governments of Turkey and Mexico have kept their purse strings tighter than India. 

However, all emerging economies have been at the bottom, while advanced economies have been able to spend more.