Sameer Sharma writes in today’s ET:
- “President Obama’s package of building a new energy architecture, healthcare, and infrastructure development is likely to increase domestic demand, but spillover to other parts of the world remains uncertain.”
- “..government interventions are holding operations that restore production, employment, consumer spending, and business confidence. Only after households, businesses, and exports regain their position as drivers of economic growth will global demand be restored. During the interregnum countries having the wherewithal to model uncertainty are expected to best withstand the crisis”
Don’t forget to think of sixth pay commission funding for more stimulus packages……..to these babus and netas..