If govt does not take immediate fiscal steps, MSMEs will die: Pronab Sen

Sen said that while the lockdown had created supply side shocks, these had transformed into demand side issues now when the lockdown was being lifted.

Former Chief Statistician Pronab Sen on Monday said that the government was in a wait and watch mode in terms of taking fiscal decisions to revive businesses, which was not a good strategy in times of the crisis.
 

If the government takes too long to take fiscal steps, this may kill the micro, small and medium enterprises (MSMEs), he warned while delivering the TN Srinivasan Memorial Lecture, titled Data in Coronavirus Times.
 

“At the moment, the sense I am getting is that the government is in a wait and watch mode. A wait and watch is a bad strategy at