Here are some concrete steps to stimulate demand/consumption and revive the economy: P Chidambaram

Here are some concrete steps to stimulate demand/consumption and revive the economy:

1. Transfer some cash to the poorest 50 per cent of families

2. Offer food grain to all families, those who need will take it

3.Increase spending on infrastructure projects

4. Use food grain stock to pay wages in kind and start massive public works

5. Re-capitalize banks to enable them to lend

6. Pay the arrears of GST compensation to the States

All of the above will need money. Borrow. Don’t hesitate.

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