Govt should loosen purse string in short run to provide bigger funds to poor: Abhijit Banerjee

Govt should loosen purse string in short run to provide bigger funds to poor: Abhijit Banerjee

New Delhi, Jul 15 (PTI) Nobel prize winner Abhijit Banerjee on Wednesday said that in the short run, the government should loosen its purse string to provide bigger funds to the poor as the recovery from the impact of the COVID-19 pandemic is going to be longer and more painful.

"In the short run, I think the government”s basic general thinking is use whatever instruments you have to give people some money. That”s probably a good instinct. I think the amounts are wrong, it should be bigger, it”s going to be a longer and more painful recovery and that will […]

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