Product Country
Increase Font Size Decrease Font Size
Market News
India still has fiscal space for more stimulus: Principal Economic Advisor Sanjiv Sanyal.
Nov 20, 2020

Principal Economic Advisor Sanjiv Sanyal on Thursday said there were more economic stimulus in the pipeline. He said during the MCC Chamber’s annual general meeting that addressing the economic problems of the pandemic was a marathon and the government planned to provide end-to-end support. 'Stimulus measures are coming in tranches and more would be in the pipeline.'
Unlike many other countries, India did not splurge on a big package. It did not press the accelerator and the brakes at the same time. Consequently, it currently enjoys both monetary and fiscal space, and India is in a good position with additional forex reserves of $100 billion created in the last six months, he said.

Financial Express