T.V. Somanathan gives the rationale behind the mega economic stimulus package announced by FM over five days A day after Finance Minister Nirmala Sitharaman concluded her five-day long laying out of the ₹21 trillion stimulus cum reforms package, expenditure secretary in the finance ministry T.V.
Somanathan, a 1987 batch civil servant, explains the rationale behind the package. Edited excerpts: What was the thought behind the stimulus package while you were finalizing it? It is a difficult balance of trying to meet the pressing needs of different sections of society.
On the one hand, there is limitation of resources, but more importantly, the uncertainty about the future. It is not easy to know what is going to be the end game in this.