Economists feel RBI may need to aggressively cut rates alongside fiscal stimulus
Shortpedia
Content Team
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The Indian government's $266 billion economic rescue package outlined last week rests largely on boosting company credit for micro, small and medium enterprises (MSMEs), but it had scant new public spending, tax breaks or cash support to revive demand. DBS economist Radhika Rao said "The cumulative government measures will help partly ease the cash squeeze felt by MSMEs in the immediate term to help them bide time."
