Synopsis
With a pent-up demand in the system, it’s only appropriate that the package focuses largely on the supply side of the economy. If some of the supply-side bottlenecks can be removed, it would help not only stimulate growth and employment but also keep inflation in check.
By D K SrivastavaThe latest stimulus package announced by the finance ministry on November 12, dubbed ‘Atmanirbhar Bharat 3.0’, reportedly amounts to Rs 2.65 lakh crore — about 1.4% of the FY2021 nominal GDP projected by the International Monetary Fund (IMF). Coming a few days ahead of Diwali, this injection into the economy was well-timed. With a pent-up demand in the system, it’s only appropriate that the package focuses largely on the supply
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