Govt's stimulus package has preserved macro stability: KKR India head

The stimulus package announced by the government following the Covid-19 outbreak has been able to preserve macroeconomic stability and it has not come at a huge cost, KKR India Partner and CEO Sanjay Nayar said on Friday.

Speaking at the India Global Week 2020, Nayar expressed hope that large private sector players would contribute to economic recovery along with the government.

"...there are some groups which are rapidly deleveraging, re-investing. I think it's going to take both the hands to clap. You need the government to spend more, which they are doing through the infrastructure spend, and you also need