Many have argued that while India’s lockdown has been the harshest, its stimulus package is one of the smallest — so far. To fund bigger public spending programme, the govt can either ask the RBI to print more money or raise money through borrowing. Former RBI governor Raghuram Rajan has explained how the two paths work and why ‘monetisation’ is a good option.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3baKcmI
