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Should India Print Money To Fight Covid-19?
A country is eligible to adopt MMT without causing side effects if it meets 3 criteria, write Hugo Erken & the RaboResearch team.
28 Jul 2020, 12:33 PM IST
The Covid-19 crisis has caused a collapse in global GDP and staggering increases in public deficits and debt. In India, we expect the central government deficit to deteriorate to -6.9% of GDP in calendar 2020 and no profound recovery in the subsequent years, as shown in the chart below. Against the backdrop of a crippled economy and rising debt metrics, policymakers around the globe are adopting or considering unconventional monetary...
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