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A recovery plan


ISSUE DATE: January 25, 2021
UPDATED: January 17, 2021 09:57 IST
Q. What are the three key measures you would like to see in the Union budget that will drive growth, given that the economy is in recession?
A.
ADITI NAYAR: Prioritisation of capital expenditure, especially projects already identified in the National Infrastructure Pipeline (NIP), and where the plans are at an advanced stage, will help to create a multiplier effect and boost the tentative economic revival.
Secondly, an adequate budgetary provision for the vaccine rollout will immeasurably boost confidence of the economic agents and aid in decision-making regarding both consumption and investment.
Additionally, clearance of subsidy arrears, pending dues to contractors and vendors, and expediting tax refunds will help boost liquidity as well as sentiment in the economy. ....

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