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Fiscal measures likely once uncertainty around COVID wanes: CEA KV Subramanian

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NEW DELHI : The government may announce fiscal measures to push demand once the uncertainty related to COVID-19 crisis wanes, Chief Economic Adviser K V Subramanian said on Wednesday while pointing out that counter cyclical policy is important.

If there is COVID-19 vaccine, the uncertainty about the pandemic goes down significantly in the market, he said at a webinar organised by FICCI."The government is willing to do what is necessary in terms of government consumption but timing of this is extremely important...Till we have uncertainty, even if people have money in their pockets, they may decide to keep it in their bank," he said.

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