Budget FY22 should focus on resolving demand-side issues: Ind-Ra ANI | Updated: Jan 22, 2021 14:53 IST
So far, the government s major focus to revive COVID-19 battered economy has been on the supply side. But it is high time to change gears and focus on the demand side as well, lest the ongoing recovery begins to lose steam.
Ind-Ra said there is nothing wrong in addressing supply-side issues as it indeed was needed to restore and augment the broken supply chain especially in an economy where micro, small and medium enterprises play an important role in terms of generating employment and output.
However, the absence of adequate demand may jeopardise recovery and may even lead to a second-round impact.