Amid huge economic damage, government spending vital: PHD Chamber chief
NEW DELHI: Describing the Indian economy as “resilient”, PHD Chamber of Commerce and Industry President Sanjay Aggarwal has said that the damage caused by the coronavirus pandemic and the eventual nationwide lockdown was huge. He said that there is massive requirement of public expenditure, that too from the Centre, as states are not in a […]
Economic damage for India from lockdown to be significant: Moody”s
NEW DELHI: Moody”s Investors Service said on Friday that economic damage as a result of India”s coronavirus lockdown will likely be extensive and reflect the country”s inherent economic vulnerability and fiscal constraints. The report pointed out that this will have wide-ranging effects on both public and private sectors. Moody”s Investors Service has released a report […]