ఆర్థిక ప్యాకేజీ పై వివిధ దేశాలు ఎంత ఖర్చు చేస్తున్నాయి? How India Fairs In Global Fiscal Package?
Reserve Bank of India (RBI) has responded proactively and aggressively to ease liquidity concerns although the credit easing policy does not seem to have been transmitted yet to many firms. It has also granted regulatory forbearance relating to asset classification to support economic activity, though some socialisation of losses might be inevitable over time.
In contrast, the Indian government’s fiscal stimulus efforts have paled in comparison to the rest of the world’s initiatives. India’s fiscal stimulus to date, estimated at ₹1.7 trillion, is less than 1% of the country’s GDP, which is paltry compared to the magnitude of stimulus injections undertaken by many East Asian countries such as Japan (20%), Malaysia (16.2%) and Singapore (12.2%).
https://www.thehindu.com/opinion/op-ed/covid-19-and-indias-fiscal-conundrum/article31504085.ece
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ఆర్థిక ప్యాకేజీ పై వివిధ దేశాలు ఎంత ఖర్చు చేస్తున్నాయి? How India Fairs In Global Fiscal Package? Reserve Bank of India (RBI) has responded proactively and aggressively to ease liquidity concerns although the credit easing policy does not seem to have been transmitted yet to many firms. It has also granted regulatory forbearance relating to asset classification to support economic activity, though some socialisation of losses might be inevitable over time. In contrast, the Indian government’s fiscal stimulus efforts have paled in comparison to the rest of the world’s initiatives. India’s fiscal stimulus to date, estimated at ₹1.7 trillion, is less than 1% of the country’s GDP, which is paltry compared to the magnitude of stimulus injections undertaken by many East Asian countries such as Japan (20%), Malaysia (16.2%) and Singapore (12.2%). https://www.thehindu.com/opinion/op-ed/covid-19-and-indias-fiscal-conundrum/article31504085.ece