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Opinion | A fiscal package that will offer us all relief
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The government did well to open up its treasury for the most vulnerable, but the scale of this crisis requires big broad stimulus shots to rescue the entire economy—businesses included As signs of the heavy blow India’s economy has taken on account of a long lockdown become increasingly visible, all attention is focused on the stimulus being planned by the finance ministry.
Bafflingly, though, the wait only seems to get longer by the day. After the early announcement of a relief package worth ₹1.7 trillion for the most vulnerable, expectations arose of bailout funds aimed at small and medium businesses.
These have weak access to the money being pumped out by the central bank, and, pushed to the edge of survival by the country’s shutdown,
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