Budget stimulus, reforms to put economy on track post note ban: Expert

Cash, Demonetisation, Currency
Latest News – As the cash crunch issue following demonetisation seems to be over, the government needs to use the upcoming Budget to provide stimulus and pursue structural reforms to accelerate growth, said Columbia University economics professor Pravin Krishna.
“On India, I remain optimistic. The temporary disruptions associated with demonetisation appear to be behind us, note shortages are a declining problem. A budgetary stimulus and ongoing structural reforms will hopefully put the Indian economy in good position to achieve a higher growth rate this year,” Krishna, Deputy Director, Raj Center on Indian Economic Policies at Columbia University, said in an email interview.
Stressing that infrastructure, health and education are all important priorities, he said the greater challenge is in spending smartly, and perhaps in enabling supply from a well-incentivised and (Read More)

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