Categories: Business

more fiscal stimulus measures necessary in India to fight corona

Lockdown 3.0

new Delhi. Global ratings agency S&P said on Tuesday that despite the weak financial situation, further financial stimulus measures are needed to fight the corona virus epidemic in India. The S&P has said in a report that these incentive measures are needed to support the deprived sections of society and to prevent further structural damage to the economy due to lockdown. Activities in the economy came to a sudden halt due to the lockdown. The government has earlier announced a relief package of Rs 1.7 lakh crore to help the poor in March. Under this package, the facility of providing free food and fuel to the poor has been provided. Apart from this, arrangements have also been made to send cash in the hands of the elderly, women and farmers.

Many people who keep an eye on the industry sector say that the package is very less, while some others have supported the government for this, that no one knows about how long the Kovid-19 will last, so the government has given the package very first Not released It is based on right thinking. S&P has said that in our view the Indian government will offer additional financial incentive measures. This offer will be more comprehensive than the efforts made so far. The S&P says that if it is assumed that the epidemic is controlled and the global economic conditions improve significantly, India will achieve a rapid economic growth in 2021-22.

However, the agency has said that if the damage to India's domestic economy is not reduced, it will have an impact on the improvement in the state of the economy resulting in increasing pressure on Indian banks and Savren.

This post was published on May 5, 2020 11:35 pm

Content Team

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