To Revive Economy Govt Could Massively Boost Consumption With Just Rs 4750 crore. But Will It Do So?

Описание: One of India’s most highly regarded economists has said the economy’s “revival strategy…has to be consumption-led” because “private final consumption expenditure fell more sharply than GDP” in 2020-21. To do this, Soumya Kanti Ghosh, the Group Chief Economic Advisor of the State Bank of India, has suggested two simple and straightforward schemes which, he says, will together boost consumption by 3.3 lakh crore but only cost the government 4750 crore.

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