Importance of managing economic uncertainty January 29, 2021, 3:31 PM IST
Dr Apoorva Javadekar is professor of finance at ISB, Hyderabad.
Fiscal stimuli, monetary loosening, Quantitative Easing (QE), suspension of bankruptcy laws and many more – governments around the worlds are firing heavy weapons to tackle the ongoing economic recession and India is no exception. With budget around the corner, “another round of big fiscal bonanza” is the only talk in the town! No doubt, fiscal spending is the need of the hour, and finance minister has already given indications that this will be a historic budget from fiscal standpoint. However, the other big theme developing in India is “uncertainty”! And I am not talking about uncertainty about how the pandemic will shape up but uncertainty about reforms.