ISAS Working Papers

The COVID-19 pandemic has stunted global economic growth. It may well lead to a contraction in the Indian economy in the current year. The government is pondering on a roadmap to rejuvenate growth and restore avenues for livelihood to millions who have lost their jobs. The revival package needs to focus on certain key sectors which will ensure maximum output in the short run. This will require large government spending which may shoot up the fiscal deficit. Nevertheless, it is recommended that the government focuses on five critical sectors and, in the process, move past fiscal deficit targets for the present.

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