NEW DELHI: Only a tenth of the ₹20 trillion worth of stimulus the Centre announced last month, to help people and businesses to tide over the covid-19 crisis, makes for direct support which is way less than what other countries have offered, industrialist Rajiv Bajaj said on Thursday in an online conversation with former Congress president Rahul Gandhi.
Bajaj’s comments articulate the belief among Indian businesses that the measures announced are inadequate and should not have been routed through banking channels at a time when the economy is likely to contract sharply.
Bajaj added that the government should look at restoring confidence among people, which was critical for reopening the economy as fear poses a big challenge to recovery. “…