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View: Three ways to get the economy purring again in Covid times

View: Three ways to get the economy purring again in Covid times
View: Three ways to get the economy purring again in Covid times
Demand won’t grow on its own if the supply side is looked after. In fact, it might grow in the coming few months due to pent-up consumer and festival season demand.

Synopsis

The 300 million-odd members of the middle classes feel by and large ignored, and the time has come to aggressively incentivise them to spend by offering a stimulus package. Tax reduction and tax benefits for expenditure on products such as cars, housing, white goods and travel should be introduced. Small steps, like the recently announced LTA benefits, are not likely to give the desired impetus.

By Sunil AlaghCovid-19 has taught us not to make five-year plans any more. All those who did last year are now having to restructure everything. To get the economy purring again in these Covid times, here are three suggestions: Communication is key: …even if it means repeating the same thing frequently. For any point to sink in, we must follow the Japanese model of repeating till what is desired becomes a habit. There should never be mixed
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