INSUBCONTINENT EXCLUSIVE:
Government has said that there is enough fiscal space for fund infusion to bolster economyIf the need arises, the government will infuse
funds to insulate the economy from the impact of the Coronavirus pandemic, principal economic adviser Sanjeev Sanyal said on
Tuesday.Addressing a summit organised by industry body Confederation Of Indian Industry (CII) in Kolkata, Mr Sanyal said that there is
enough monetary space for the government to intervene and it will provide financial help to propel the economy.At the same time, the
principal economic adviser expressed hope that the economy will touch the double-digit mark during the current financial year, provided
there are no major disruptions.He highlighted that the infrastructure sector remains the key focus area of the government and it will
receive a major chunk of its spending so that demand grows.In order to revive the economy, investment in infrastructure sector is the need
As even with good revenues, we will have a deficit
sector will play an important part in the government's action plan to come out of the pandemic's effect, especially as it is quite bullish
on the asset monetisation programme.The government has already lined up assets like telecom towers, stadia, gas pipelines and other assets
for monetisation over the next five years.
