While the RBI policy has done a lot, fiscal measures will be necessary to support the needy sectors of the economy -- tourism, travel and small and medium enterprises, says Nilesh Shah, MD, Kotak AMC
The RBI Governor said that there is a need for policy support of all sizes. Do you believe that this is perhaps a cue for the North Block that we have done enough on the monetary policy side, it is now over to the fiscal side as we come out of the second Covid wave?
The RBI has continued its policy of maintaining adequate liquidity, keeping interest rates under check, managing inflation, supporting growth and providing credit facility for the needy sectors of the economy. But many of the sectors like healthcare, tourism, travel will also require equity rather than just debt and that is where fiscal has to step in.
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