Arvind Subramanian

Photo Credit: Peterson Institute

India to suffer significant contraction, requires Rs 10 trillion stimulus: Former CEA Arvind Subramanian

Speaking at the Indian Express e-Adda from the US, Subramanian said that distribution of food and cash are the two key tools India should be using to help people tide over the crisis.

Former chief economic advisor Arvind Subramanian on Tuesday said that India should plan for “substantially negative economic growth” this financial year due to the coronavirus crisis and that the government should tap various sources to finance a Rs 10 trillion stimulus.

Speaking at the Indian Express e-Adda from the US, Subramanian said that distribution of food and cash are the two key tools India should be using to help people tide over the crisis.

Source: Financial Express

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