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 ...
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First Published: Wed, May 27 2020. 23:06 IST
