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India should plan for substantial contraction in FY21 economy: Arvind Subramanian

city New Delhi Usa India economy Government crisis Coronavirus
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NEW DELHI : Former chief economic advisor Arvind Subramanian on Tuesday said that India should plan for “substantially negative economic growth" this financial year due to the Coronavirus crisis and that the government should tap various sources to finance a ₹10 trillion stimulus.

Speaking at the Indian Express e-Adda from the US, Subramanian said that distribution of food and cash are the two key tools India should be using to help people tide over the crisis.

Subramanaian, who is currently senior fellow at the Peterson Institute for International Economics and a visiting lecturer in public policy at Harvard University's Kennedy School of Government, said at the videoconference that low food and fuel prices and the currency reserve India

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