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Relief package inadequate, extra stimulus must for stressed biz: Economists

They feel an additional stimulus package is required for stressed sectors with the country's economic growth estimated to touch new lows in 2020-21.

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The American legislature has passed a $2.2-trillion economic rescue package for aid businesses, workers and health care systems affected due to the pandemic.

Dilasha Seth New Delhi
The Rs 1.7-trillion coronavirus lockdown relief package announced by Finance Minister Nirmala Sitharaman is inadequate, say  some prominent economists.

They feel an additional stimulus package is required for stressed sectors with the country's economic growth estimated to touch new lows in 2020-21. These sectors — hotels, trade, banks and aviation, among others — need a relief package on a priority basis to overcome the brewing economic and job crisis in the country, say the critics.

Former RBI governor  C Rangarajan said sectors such as hospitality, restaurants and travel have been particularly affected and need support at this time. Besides, the