There is no doubt the finance ministry will be worried about the size of the national debt relative to GDP that India will run up in doling out support to different segments of the economy. It is not a worry about growth slump or the phrase “secular stagnation” made famous by former US treasury secretary, Larry Summers. It is about “expecting the emerging markets to copy mechanically what the developed economies can do”, as Sajjid Chinoy perceptibly commented at an NCAER event, in April last week.
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.
Already a premium subscriber? LOGIN NOW
What you get on Business Standard Premium?
- Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
- Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
- Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
- Pick your 5 favourite companies, get a daily email with all news updates on them.
- 26 years of website archives.
- Preferential invites to Business Standard events.
Subscribe to Business Standard Premium
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
First Published: Wed, May 06 2020. 15:09 IST