Govt suggests more boosters on the anvil for the economy

Divakar Vijayasarathy, founder and managing partner at consulting firm DVS Advisors LLP, said: “The contraction of GDP of the first quarter and the RBI’s estimate of real GDP shrinking by 9.5% has definitely made the government ponder and it has rightfully announced demand-side measures… the impact of Covid and rising inflation definitely call for more fiscal stimulus to trigger growth.”