Today: 9 April 2025
29 January 2021
1 min read

Economic Survey stresses on providing more fiscal support

It suggested that to ensure that the economy remains in good health to avail the full benefit of these significant reforms, the “economic bridge” between the medium and long-term has to be created…reports Asian Lite News

The Economic Survey for 2020-21 has suggested that the government should come up with more fiscal measure for short term support to the economy and businesses.

Highlighting the long term reform measures, the survey tabled by Finance Minister Nirmala Sitharaman in Parliament on Friday, also said that to eliminate the possibility of growth being impacted in the medium to long run, the Government has been extremely pro-active in launching several seminal reforms, but noted that their impact will manifest in the medium to long-term only.

It suggested that to ensure that the economy remains in good health to avail the full benefit of these significant reforms, the “economic bridge” between the medium and long-term has to be created.

“Only an active fiscal policy — one that recognises that the risks from doing too little are much more than the risks from doing too much — can ensure that this ‘economic bridge’ is well laid out,” he said.

Although, the government has taken several measures to support and provide relief to businesses, steps to push demand have been lagging, according to several economists. Supply-side push, however, have been appreciated.

Further, the issue has been raised at several forums by several industry representatives that, although the reforms measures are welcome. They would reflect changes only in the long run, while the businesses and the common man need some immediate cushioning.

Also read:Tractor Rally: 22 FIRs registered against farmers

Previous Story

Indian Economy May Take Two More Years To Bounce Back

Next Story

Economic Survey calls for simplifying regulations

Latest from -Top News

GAZA KILLINGS: War Crime?

Mobile Phone Footage Casts Doubt on Israeli Account of Ambulance Attack in Gaza Newly surfaced mobile phone footage has raised serious questions about the Israeli military’s justification for opening fire on a

Namibia voices concern over US tariffs

AGOA is a non-reciprocal trade arrangement aimed at supporting development in African countries through preferential access to US markets The Namibian government has expressed concern over newly imposed US tariffs, warning that

Uganda, South Sudanese leaders hold talks

Museveni, who is among the guarantors of a 2018 peace agreement that ended a five-year civil war, held closed-door discussions with President Salva Kiir Uganda’s President Yoweri Museveni was expected to meet

Namibia voices concern over US tariffs

AGOA is a non-reciprocal trade arrangement aimed at supporting development in African countries through preferential access to US markets The Namibian government has expressed concern over newly imposed US tariffs, warning that
Go toTop