NEW DELHI: Stressing that there are few takers for bank loans, industry body Assocham on Tuesday expressed confidence that RBI’s Monetary Policy Committee would brainstorm on the “difficult situation” during its meeting scheduled early next month. Reeling under debt-ridden balance sheets and economic uncertainties in the face of Covid-19 crisis, the Indian industry is left […]Read More
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A mistake from 2008 may return to haunt India’s economyIn all the 30 most severe credit boom episodes around the world, where credit in the economy grew at a speed faster than the economy itself for five years or so, GDP growth in the next five years halved in those countries. This includes Japan in […]Read More
By Ashu Suyash Any calibrated approach to ‘restarting the economy’ should include the following 10 steps: Relax the fiscal deficit target: Stretching the deficit target to release Rs 3-3.5 lakh crore of extra spending can help limit damage. This money can be used for well-directed income transfers and food support, facilitate business disruption loans by […]Read More