Tuesday, February 10, 2009

a real economic stimulus

Arjun Sengupta, who heads India's National Commission for Enterprises in the Unorganised Sector, writes in the Economic Times newspaper that India's financial stimulus package should be a 'push' package--with 400 billion rupees ($8.2 billion) invested in the informal sector. "The idea is to introduce a fiscal stimulus programme in the form of public investment and expenditure specifically aimed at the informal economy, on which 880 million people depend, for their livelihood and purchasing power," he writes.

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