, ?|| No Revenues For Government, How Can It Spend?
Likening the economy to a patient, former Reserve Bank of India Governor Raghuram Rajan said that government relief is the sustenance the patient needs while on the sickbed.
In a LinkedIn blog titled The Alarm in the GDP Numbers posted on September 7, Rajan cautioned that Indias dismal Q1FY21 GDP numbers should alarm us all, adding that the 23.9 percent contraction would probably be worse if informal sector estimates are included.
Rajan noted that in the current economic environment, government-provided relief becomes all the more important, but criticised the announcements so far as meagre and patchy.
https://www.moneycontrol.com/news/business/economy/raghuram-rajan-on-indian-economy-stimulus-is-the-tonic-needed-for-the-patient-on-sickbed-5811161.html
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, ?|| No Revenues For Government, How Can It Spend? Likening the economy to a patient, former Reserve Bank of India Governor Raghuram Rajan said that government relief is the sustenance the patient needs while on the sickbed. In a LinkedIn blog titled The Alarm in the GDP Numbers posted on September 7, Rajan cautioned that Indias dismal Q1FY21 GDP numbers should alarm us all, adding that the 23.9 percent contraction would probably be worse if informal sector estimates are included. Rajan noted that in the current economic environment, government-provided relief becomes all the more important, but criticised the announcements so far as meagre and patchy. https://www.moneycontrol.com/news/business/economy/raghuram-rajan-on-indian-economy-stimulus-is-the-tonic-needed-for-the-patient-on-sickbed-5811161.html