With limited fiscal resources with the government, Acuite has suggested that the burden should be shared between the Centre, RBI and the states.
The government will need to pump in a massive Rs 11.2 trillion ($150 billion) into the economy to revive it from the blow dealt by Covid-19 pandemic and subsequent nation-wide lockdowns, Acuite Rating has said in a report.
The economic package working out to around 4.8 per cent of FY20 GDP, is the amount of loss incurred during the first and second phases of the lockdown starting from mid-March till May 3. The rating agency has said that with the economy losing GDP worth $4.5 billion per day, only a big stimulus package from the government could create the
First Published: Apr 30 2020 | 1:06 PM IST