Most of the parameters are continuously giving signals that the economy is moving in the fast lane following the revival path. Like the Goods and Services Tax (GST) collections, which were badly hit due to the COVID-19 pandemic, have performed well.
Success isn’t merely hard work and intelligence combined. It’s much more – multiple things work simultaneously around a person making it to the top.
With unemployment rates going through the roof, there has been a phenomenal crash in demand. In such a scenario, focusing almost solely on liquidity measures can be only as good as applying some plaster. Only time will tell, but it does make one wonder whether, without demand being stimulated, these policies will ever be enough.
