10 సూత్రాల ప్రత్యామ్నాయ ఆర్థిక విధానం అత్యవసరం|Prof K Nageshwar's 10 Point Alternate Economic Policy
The speed of economic revival will depend on how long it will take to revive economic activities and the volume of stimulus through public spending the government is able to provide. It now appears that the lockdown will be lifted in stages and the recovery process will be prolonged. The country is literally placed in financing a war-like situation and the government will have to postpone the fiscal consolidation process for the present, loosen its purse strings and finance its deficits substantially through monetisation. This is also the time for the government to announce relaxation in the States’ fiscal deficit limit to make them effective participants in the struggle.
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10 సూత్రాల ప్రత్యామ్నాయ ఆర్థిక విధానం అత్యవసరం|Prof K Nageshwar's 10 Point Alternate Economic Policy The speed of economic revival will depend on how long it will take to revive economic activities and the volume of stimulus through public spending the government is able to provide. It now appears that the lockdown will be lifted in stages and the recovery process will be prolonged. The country is literally placed in financing a war-like situation and the government will have to postpone the fiscal consolidation process for the present, loosen its purse strings and finance its deficits substantially through monetisation. This is also the time for the government to announce relaxation in the States’ fiscal deficit limit to make them effective participants in the struggle.