Rajiv Kumar On Economy

India needs to grow at10.5-11 per cent in real terms in the next fiscal and sustain that to overcome massive ill-effects of the Covid-19 pandemic, Kumar said

He also said there have already been plenty of measures taken by the government in the recent past

The budget had proposed a partial credit guarantee scheme worth Rs 1 trillion under which public sector banks would buy high-rated pooled assets of financially sound NBFCs

He said poverty estimates were just theoretical exercise, without much practical relevance to policy-making