‘Public expenditure is not vaccine for the economy’4 min read . Updated: 15 Oct 2020, 08:47 AM IST
We are seeing recovery in a number of sectors. Whether it will be sustained is to be seen. So, I am cautiously optimistic, says T.V. Somanathan, expenditure secretary
A day after finance minister Nirmala Sitharaman announced fresh measures to stimulate consumer spending by incentivising central government employees and via additional capital expenditure, T.V. Somanathan, the expenditure secretary in the Union finance ministry, explains the rationale behind the move. Edited excerpts from an interview:
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