Title: Expert Take On The Final Tranche Of Stimulus | Swaminomics To ET NOW
Video description:
Forget caution, India should rapidly ease the Covid shutdown to revive the economy. Otherwise, it may suffer the worst of both worlds — economic collapse without checking the virus, says noted economist and consulting editor, Swaminathan Aiyer. However, the stimulus package that Finance Minister Nirmala Sitharaman has announced is not going to end the suffering, believes Swaminathan Aiyer. Instead of a stimulus, the economic package is merely a sedative. The consequences of a poorly executed package will have a lasting impact on the economy, he says. FY21 will be the worst in Indian Economic history as a result of COVID19 but the government is in the right direction of reforms, but implementation is the key. One should note that Rs 20 lakh crore stimulus is a highly exaggerated figure; stimulus is just about 1-2% of GDP. Listen in! Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com
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