India covid-19 outbreak pandemic India

IMF bats for fiscal push by India

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'In India, the fiscal stance should be eased as needed to accommodate necessary increases in public health expenditure in response to the pandemic and shield against a more severe economic downturn, using targeted and temporary measures,' IMF said in its Fiscal Monitor report India should ease its fiscal stance and announce a stimulus package to guard against a sharp deceleration in economic growth and job losses as a result of the ongoing nationwide lockdown till 3 May to combat the covid-19 outbreak, the International Monetary Fund (IMF) said on Wednesday. “In India, the fiscal stance should be eased as needed to accommodate necessary increases in public health expenditure in response to the pandemic and shield against a more severe

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