CANNOT OVERCOME LOCKDOWN CRISIS WITH UNIMPLEMENTABLE MEASURES
Gyan Pathak
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2020-05-23 08:38
Prime Minister Narendra Modi’s Atmanirbhar Bharat Abhiyan has a clear message for a self-reliant India. “What an idea!” exclaimed all, in their initial ecstatic reaction, which later gave way to a great disgust, fear, and frustration. The announcement of PM Modi’s economic stimulus package of Rs 20 lakh crore under this umbrella movement announced on May 12 turned out to be Rs 20.97 lakh crore made known to the public in five tranches by Finance Minister Nirmala Sitharaman, ultimately proved to be a great deception. Economic analysts are unanimous on this point that the real fiscal cost of this seemingly big package is less than Rs 2 lakh crore, i.e., only one per cent of the GDP as against 10 per cent originally claimed.