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Opinion | Funds can be raised for covid control and an economic stimulus
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Budgetary expense reductions and asset sales by the government could make ₹10 trillion available Arvind Subramanian and Devesh Kapur, in an oped Business Standard (“Fiscal space: Not if but how", 9 April 2020), suggested that the government needs to spend an additional ₹10 trillion to fight the post-covid economic meltdown, both for disease control and for a stimulus package to support India’s economy.
This sum was also suggested by an editorial in Mint (“It’s time to go for broke with a ₹10 trillion plan", 30 March 2020). The government’s earlier ₹1.7 trillion package is expected to be supplemented with further announcements of spending.
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COVID-19
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