Reacting to the government's stimulus package for the economy, Rahul Gandhi said, 'No family can spend FM's 'economic package' on their living-food-medicine-child's school fees.'
Demand will not grow in an economy where jobs have been lost and incomes or wages have been reduced, Chidambaram argued.
The prime minister said more support has been announced for small entrepreneurs and self-employed persons to enable them to not only sustain their business activities but also expand them further.
Sreejit Balasubramanian, India economist at IDFC Mutual Fund, says the immediate fiscal expenditure from today's measures is 0.77% of GDP, of which 0.56% is from measures already announced.
The bottom line was that Monday's Rs 6.3 lakh crore package had little fiscal component, with much of it comprising credit guarantees and the rest involving budget allocations.
The newly elected CII president said that the government can create common infrastructure in these industrial parks whether it is effluent systems, utilities, etc.
Circumstance is often an eloquent expression of the imperative for action as perceived potential of double-digit growth has yielded to a veiled sense of foreboding
Americans are, on average, flush with cash, thanks in part to $1,400 stimulus checks that have gone to most adults and to savings that many affluent households managed to build up during the pandemic.
DMK, AIADMK, BJP, and MNM have shown some competitive populism in manifesto, says Kalaiyarasan