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Monday, April 20, 2020

Import substitution in India and crowding out of corporate bonds due to high state borrowing

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Indian government to chart plan for higher investments From The Times of India : The government is beginning to reach out to domestic an...
Friday, April 17, 2020

Fiscal stimulus equivalent to 5% of GDP needed in India

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Triple trouble: coronavirus, hunger, and the economy Sudipto Mundle writes in Mint : A package to restart the economy was announced on 1...

RBI announces further measures to boost liquidity

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Since February 2020, the RBI has rolled out plans to inject liquidity equivalent to 3.2% of GDP. The RBI has also undertaken targeted long...
Thursday, April 16, 2020

Spend on the poor now and do not worry much about fiscal cost

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Amartya Sen, Raghuram Rajan, Abhijit Banerjee write in The Indian Express that a combination of loss of livelihoods and interruptions in s...

MSMEs in India, microfinance institutions in trouble and more

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India: Bring in the MSME relief package From The Economic Times : The MSME sector accounts for about 40% of exports and almost a third ...
Wednesday, April 15, 2020

Normal monsoon forecast, risk aversion in bond market, and debt relief for poor countries

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India to get normal monsoon, says IMD as country battles coronavirus From Business Standard : India is likely to have a normal monsoon t...
Tuesday, April 14, 2020

COVID-19 induced recession worst since the Great Depression

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In the latest World Economic Outlook (April 2020) , the IMF projected global growth to contract sharply to -3% in 2020. The cumulative loss ...