Business Standard

India's economic policy response to Covid-19 lags global peers: Edelweiss

"We think Indian policymakers must catch up and that too in a short time," analysts at the brokerage firm wrote.

coronavirus, COVID 19
Web Exclusive Premium

A sound and credible financial/economic plan is the need of the hour

Puneet Wadhwa New Delhi
With the coronavirus (Covid-19) casting its shadow on the global economy, most governments and central banks have initiated a strong policy response to battle the pandemic. Analysts at Edelweiss Securities, however, suggest that India has not done enough compared to its global peers to combat the situation. 

The macroeconomic response so far since the outbreak of the Covid-19 pandemic, they feel, pales in comparison to what has happened globally so far, or even compared with the policy steps undertaken by India during the global financial crisis (GFC). For instance, in 2008 (GFC), the RBI had cut the cash reserve ratio

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in