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That's one thing that India got right in response to Covid. The primary focus of the stimulus to alleviate the supply side constraints[1][2]. Many were questio
by free 4y ago
That's one thing that India got right in response to Covid. The primary focus of the stimulus to alleviate the supply side constraints[1][2].
Many were questioning the approach of focusing on supply side, making small changes, observing and reacting instead of a big mega stimulus the likes of USA did. Good to see some merit in India.
[1]https://economictimes.indiatimes.com/news/economy/policy/wait-watch-and-then-respond-to-covid-19s-economic-impact-sanjeev-sanyal-principal-economic-adviser/articleshow/84196241.cms?from=mdr https://economictimes.indiatimes.com/news/economy/policy/wai...
[2]https://twitter.com/sanjeevsanyal/status/1461787145027338245 https://twitter.com/sanjeevsanyal/status/1461787145027338245
- blueblisters 4y agoI think India’s position was much more fiscally constrained to even consider a demand-side stimulus. I think a means-tested demand-side stimulus was still warranted given the number of people and industries who lost their livelihood because of multiple shutdowns.