THe Blog

September 29, 2017

Views on how to revive the Indian economy

In this piece in The Print, Praveen Chakravarty, Visiting Senior Fellow at IDFC Institute, is quoted on his views on what should be done to revive the Indian economy.

 

He states "To revive growth, a simple two step approach. Capitalise on the stock market’s exuberance, disinvest public sector undertakings to raise at least Rs.1 lakh crores. Get a one time special dividend from all PSUs.  Use this money to clean balance sheets of banks and recapitalise them. It will not be sufficient but enough to hope for animal spirits to kick in soon. This is perhaps the cleanest way to revive growth than messy affairs such as exchange rate management, printing phantom money or injecting sector specific booster shots

 

Read the full article here.

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