Won't splurge stimulus money, infra spending to be key: Sanjeev Sanyal

Govt's economic advisor stresses there is no demand-driven inflation yet in the economy

Principal Economic Advisor Sanjeev Sanyal said on Wednesday that the government would be mindful about splurging money in the next round of stimulus that will aim at asset creation in a bid to boost demand in the economy.

“We are a fiscally-conservative government as we typically tend to stick to the fiscal trajectory…Our debt-to-GDP ratio is much lower than many countries and there is a case for allowing it to go up to inflate demand. But we will not spend blindly. We will be careful as to what we spend on,” Sanyal said while speaking at the 115th Annual Session