Money9 Edit | Macro data indicators point to a long road ahead
Indecisiveness will generate more challenges for a recovery process yet to take full flight
The macro data numbers released today highlight the pain inflicted on the Indian economy by the coronavirus pandemic.
Battling a second wave and distractions of state elections, the government must take immediate measures to rein in rising food prices and offer sops to manufacturers to get factory output growth back on track.
Spending more is one way of helping the economy come out of the rut and provide a bit of solace to the hapless citizens.
Indecisiveness will generate more challenges for a recovery process yet to take full flight.
The current situation demands that government and the Reserve Bank of India will have to continue to support the demand.
Last week, the central bank said that going forward, the food inflation trajectory will critically depend on the temporal and special progress of southwest monsoon in the 2021 season
With night curfews being put in place in many states, it becomes more challenging for the government to propel the economic growth engine.
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