Centre may require additional Rs 5 lakh crore to support economy hit hard by COVID-19: Subhash Chandra Garg

Centre may require additional Rs 5 lakh crore to support economy hit hard by COVID-19: Subhash Chandra Garg

NEW DELHI: The Centre may need to borrow 2-2.5 per cent of GDP or about Rs 4-5 lakh crore additionally for supporting people and businesses hit hard by the coronavirus outbreak and nationwide lockdown, according to former finance secretary Subhash Chandra Garg. “It seems necessary and advisable that the Government of India borrow this directly […]