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Biggest challenge to put financial sector back on feet once India unlocks economy: Arvind Panagariya

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NEW DELHI : The 'number one' challenge before the government, once it unlocks the economy amid the COVID-19 crisis, will be to put the financial sector back on its feet, former Niti Aayog vice-chairman Arvind Panagariya said on Monday.

In an interview to PTI, Panagariya further said that India is facing a health crisis that has led to a sudden stop of the economy. "To restart and return the economy to the pre-COVID-19 path, we need to overcome the health crisis.

Once this is done, the main weakness we will need to overcome is the one we had left unsolved prior to COVID-19: disruptions in the financial markets. "Getting the financial sector back on its feet will remain the government's number one challenge once we unlock the economy," he

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