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by free 1517 days ago
That's one thing that India got right in response to Covid. The primary focus of the stimulus to alleviate the supply side constraints[1][2].

Many were questioning the approach of focusing on supply side, making small changes, observing and reacting instead of a big mega stimulus the likes of USA did. Good to see some merit in India.

[1]https://economictimes.indiatimes.com/news/economy/policy/wai...

[2]https://twitter.com/sanjeevsanyal/status/1461787145027338245

1 comments

I think India’s position was much more fiscally constrained to even consider a demand-side stimulus. I think a means-tested demand-side stimulus was still warranted given the number of people and industries who lost their livelihood because of multiple shutdowns.