 "Kaushik Basu")
India needs a large fiscal stimulus as the country faces big risk of slowdown in the economic growth due to COVID-19, former chief economist of World Bank Kaushik Basu said on Sunday.
He also suggested that the government may need monetisation by the Reserve Bank of India.
In an interview to PTI, Basu said inequality in India is already very high and coronavirus pandemic will make it rise further.
"There are dark clouds over every economy in the world, and India is no exception.
"...We do need a large fiscal stimulus. India has the FRBM Act, 2003, for fiscal management and
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