Indias goverment will increas the goverment spending to ease taxes to stimulate the economy. The goverment has planned 200 billion rupees ($4 billion) more than reviously planned package.
In addition to the fiscal stimulus, the goverment has requested currency-swap with the U.S. Federal Reserve to increase the amount of capital in the Indian domestic market.
The problems that each of the countries deal are very different but the main idea of monetary easinig and providing fiscal stimulus to the domestic market are simlar around the countries. Although there may be challeges in imposing policies, but through strengthening of the economy structure and development, it can significantly increase the effctiveness of those policy implemented.
No comments:
Post a Comment