Double Digit Growth Still Possible if We Respond Appropriately to Covid Crisis, Says PM Eco Adviser
- 3 years ago
In a 30 minute interview to Karan Thapar for The Wire, Nilesh Shah, who is also Managing Director of the Kotak Mahindra Asset Management Co, said there are four steps which must be scrupulously observed if India wishes to reach double digit growth in 2021-22. They are a) a ban all large gatherings, whether political or religious, b) maintain social distancing, c) scrupulously wear masks all the time and d) sanitisation and hand-washing.
In the interview to The Wire, Nilesh Shah said if the govt is forced to declare a second nationwide lockdown, requiring the govt to announce a sizeable lockdown relief package, his preference is that this unforeseen additional expenditure should be financed through a gold amnesty scheme, which raises revenues from the sizeable amount of gold in private hands, and by fully meeting, or even exceeding, the budget’s disinvestment target and the govt’s intention to sell assets. In the interview he said strategic privatisation rather than disinvestment of shares was the right procedure.
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In the interview to The Wire, Nilesh Shah said if the govt is forced to declare a second nationwide lockdown, requiring the govt to announce a sizeable lockdown relief package, his preference is that this unforeseen additional expenditure should be financed through a gold amnesty scheme, which raises revenues from the sizeable amount of gold in private hands, and by fully meeting, or even exceeding, the budget’s disinvestment target and the govt’s intention to sell assets. In the interview he said strategic privatisation rather than disinvestment of shares was the right procedure.
Like our work? Click here to support The Wire: https://thewire.in/support
The founding premise of The Wire is this: if good journalism is to survive and thrive, it can only do so by being both editorially and financially independent. This means relying principally on contributions from readers and concerned citizens who have no interest other than to sustain a space for quality journalism. As a publication, The Wire will be firmly committed to the public interest and democratic values.
We publish in four different languages!
For English, visit www.thewire.in
for Hindi: http://thewirehindi.com/
for Urdu: http://thewireurdu.com
for Marathi: https://marathi.thewire.in
If you are a young writer or a creator, you can submit articles, essays, photos, poetry – anything that’s straight out of your imagination – to LiveWire, The Wire’s portal for the young, by the young. https://livewire.thewire.in/
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