Why India needs more than liquidity dreams9 min read . Updated: 20 May 2020, 12:32 AM IST
- By focusing on access to easy loans, the government has missed the bus to revive consumer demand
- Instead, much more money could have been put in the hands of people. One way of doing that would have been depositing money into all Jan Dhan accounts
MUMBAI : Liquidity is the latest elixir in town. Finance minister Nirmala Sitharaman used the term about 40 times in the five presentations she made to the media between May 13-17 to lay out the ₹20-trillion economic package. Not surprisingly, a significant portion of the package ( ₹20.97-trillion to be exact) served up liquidity—and not fiscal stimulus as businesses and investors were expecting.
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