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Wield the magic wand to trigger demand

Central government needs to tap all available resources and do more to salvage the economy as quickly as possible

May 28, 2020 / 10:11 AM IST
Wield the magic wand to trigger demand

However good and promising it may look on paper, it is apparent that the stimulus package of the government will hardly be effective in the near term to resuscitate the gasping economy. The dominant view is that the beneficial effects, if at all, of the package will be felt in the medium to long term while their immediate impact on alleviating the present distress in the economy is minimal. Lending credence to the majority opinion, different growth projections have warned...

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