The government’s ₹1.7 trillion relief package for our 800 million poor is a balm too thinly spread. With supply choked and demand gagged, the economy’s corona seizure could spell misery for months after the curbs are eased. As for 2020-21, even a mild expansion would require us to quell the viral outbreak and contain its financial ravages. A big relief package, however, could yet be funded in more judicious ways. If that does not suffice, then the rest of the fiscal gap could be monetized as a last resort.

Source: Mint March 29, 2020 17:37 UTC