GDP to contract 10.8% without more fiscal stimulus, says Pronab Sen

Against the backdrop of the dismal gross domestic product (GDP) numbers for the fourth quarter and the entire 2019-20, former chief statistician Pronab Sen tells Indivjal Dhasmana that the Centre’s resource crunch is over-stated. He said part monetisation of the fiscal deficit is inevitable. Edited excerpts:   GDP growth slowed to an 11-year low in FY20. What is your projection for FY21?   Assuming, and this is a core assumption, that the fiscal stimulus announced by Finance Minister Nirmala Sitharaman in two tranches totalling Rs 2.1 trillion is spent in the current year a.....

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