Duvvuri Subbarao writes on coronavirus crisis: Keep your powder dry

Duvvuri Subbarao writes on coronavirus crisis: Keep your powder dry

Govt must fix an upper bound for fiscal deficit and operate within it

APRIL 15, 2020 9:24:22 AM

Duvvuri Subbarao writes: Unlike rich countries which can throw the kitchen sink at the crisis, India can’t afford to ignore the risks of fiscal excess of that magnitude, no matter the compelling circumstances.