India's (im)possible road ahead

Start by doing what’s necessary; then do what’s possible; and suddenly you are doing the impossible.” — Saint Francis of Assisi. The economic crisis caused by Covid-19 has so far triggered three policy moves from the central bank and two from the central government. Various steps have been debated and an­nounced, but much more needs to be implemented and tried. Here we map out what the next steps should be. But first, a look at the pain points in the economy. India’s balance sheets are not in good shape. The debt-to-equity ratio of corporate India .....

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel
Key stories on business-standard.com are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.