Putting Indian financial sector back on feet biggest challenge: Panagariya

Panagariya also argued that fiscal stimulus, which works by creating demand, cannot go far when there are no workers to help generate a supply respons

The 'number one' challenge before the government, once it unlocks the economy amid the Covid-19 crisis, will be to put the financial sector back on its feet, former Niti Aayog Vice-Chairman Arvind Panagariya said on Monday.

In an interview to PTI, Panagariya further said that India is facing a health crisis that has led to a sudden stop of the economy.

"To restart and return the economy to the pre-Covid-19 path, we need to overcome the health crisis.Once this is done, the main weakness we will need to overcome is the one we had left unsolved prior to Covid-19: disruptions in the