The April-June quarter is expected to still show a large growth on YoY basis as lockdowns this time are not as stringent as last year, but the economy is undoubtedly contracting on a sequential basis. Disruption in economic activity has led to renewed demands for fiscal stimulus. In this context, our lead editorial notes that there is no dispute that the government should increase capital expenditure to crowd in private investment — which will help boost growth over the medium— but at this juncture, the priority should be to provide relief. Read here
Under the UPA, the regional parties actually