Wave II calls for stimulus part II April 16, 2021, 12:11 AM IST
Quick takes, analyses and macro-level views on all contemporary economic, financial and political events.
If you put two and two together, no one should be surprised if a four emerges. Fresh curbs on normal life, announced to contain the second wave of the pandemic, will take its toll on the economy, already staggering, going by the second month of the decline of the Index of Industrial Production (IIP) in February (over the like period last year), on the trot. The government will have to respond with additional relief measures for migrant workers who once again flee closed cities for the social security of their native villages. At the same time, the government and RBI will have to come up with additional support for the pandemic-struck industry, in particular the small and medium sector and the construction industry.