 "rbi, reserve bank of india")
Economists have cautioned the government about a fiscal stimulus to revive the economy, whose growth had plunged to a five-year low of 5.8 per cent in the fourth quarter of 2018-19.
They have said if a stimulus is needed it should be different from what was provided in 2008-09, when the economy faced the ripple effects of a global meltdown following the Lehman Brothers collapse.
Some economists said a stimulus should not be given now.
Arvind Panagariya, former NITI Aayog vice-chairman and professor of economics at Columbia University, said: “Any talk of fiscal stimulus is ill-advised. The government must stay the course on
