Q.3) Since last year, the policy responses of the government have been to rely on credit easing, focusing more on supply-side measures, with more and more guarantees by the government to improve credit flow to important sectors. Examine the effectiveness of such measures to prop up the growth. (10 Marks)

“Mentor’s Comments”

  • https://www.thehindu.com/opinion/op-ed/growth-matters-but-income-levels-matter-more/article35311246.ece
  • In the intro, mention the importance of improving the demand in any economic recovery after the shocks.
  • In the body, three issues can be mentioned. First, measures are focused on supply-side and not the demand side, second, the time span is medium-term for measures to work, the ineffectiveness of credit backstops in the absence of private demand.
  • Conclude by mentioning the need to focus on improving income level at this juncture rather than growth numbers.
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Sehaj Singh
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Sehaj Singh
Sehaj Singh
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