This package goes against the ‘underwriting culture’ of economic policy The prime minister’s philosophy on economic help has become very clear; don’t give them fish, teach them how to fish.
While this is a perfectly valid long-term sustainable solution, the question is if this is the right time to try it out? Even the most seasoned of fishermen stay ashore during the monsoon.
And it is a stormy ocean out there. No one has a clue, let alone firm understanding of how and how long the crisis will pan out.
There is an element of systemic relief in the package; but the core of the package lies elsewhere. In its design, the package is trying to change the nature of state intervention in India.
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