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Fiscal stimulus by FM is mostly credit oriented, says Subhash Chandra Garg

He said that the fiscal stimulus, by its very nature, is additional fiscal burden on the public finances

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Subhash Chandra Garg | Fiscal stimulus | Lockdown

Aditi Phadnis  |  New Delhi 

Subhash Garg, former Union finance and economic affairs secretary, tells Aditi Phadnis that economic recovery and state finances face a rocky road ahead, notwithstanding the PM’s Rs 20 trillion stimulus plan How seriously will the Covid-19 outbreak impact India’s economic growth and public finances? The lockdown of Indian economy to contain the outbreak of Covid-19 will push India into growth contraction for 2020-21.

It appears that India will have negative growth of more than 5 per cent, even if most economic activities resume in the next few weeks. Several businesses like ...

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First Published: Sat, May 16 2020. 21:08 IST
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