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India's fiscal response to Covid conservative, need large stimulus: Report

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Covid-19 pandemic has so far been conservative, according to a new report, which suggested a ₹5.5 lakh crore stimulus package to deal with the crisis.Bold measures will be required to emerge stronger from the crisis, said the report, 'State of Working India 2021: One Year of Covid-19,' released on Wednesday by Azim Premji University.It said the impacts of the second wave are still unfolding and may be as large, or larger than the first one.Further, coming as it does on the back of depleted savings, debt, and reduced fallback options, the second wave can lead to potentially larger impacts on work, incomes, food security, health and education, the report said.The states, who are at the forefront of the pandemic response in terms of.

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