Nirmala Sitharaman announced a fresh set of measures to stimulate demand in the economy by incentivising spending by the central government employees and through additional capital expenditure, expenditure secretary in the finance ministry T.V.
Somanathan explains the rationale behind the package. Edited excerpts:What's your assessment of the current state of the economy?The worst effects of the pandemic are over.
We are beginning to see the recovery. The recovery is visible in a number of sectors, whether it is power consumption, GST collections, the recovery is fairly good.
Even in terms of consumer behavior, there is some recovery. Whether it will be sustained in the remaining quarters of the year is a matter to be seen.