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‘Good beginning by govt, RBI; but much more needs to be done’

28-Mar-2020Charan Singh

The finance minister has announced a Rs 1,70,000 crore package to support the most vulnerable sections of the Indian economy. While addressing the disruption caused by the 21-day shutdown announced by the government, the package will also boost consumer demand and address the economic slowdown. To complement the fiscal measures, RBI Governor Shaktikanta Das has announced measures that have financial implications amounting to nearly 3.2% of the GDP. Dr Charan Singh, chief executive of EGROW Foundation, a Noida-based think-tank, says the government needs to do more in terms of preserving human resources, creating jobs and generating savings. He lists a series of measures to boost economic growth and to transform the slowdown-ridden economy in an exclusive interview. Edited excerpts:

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