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Second round of stimulus, borrowing-based full implementation of Rs 111 lakh crore required to boost economy: EY India

Shortpedia

Content Team

Consultancy firm EY India has vouched for the second round of stimulus in the second half of the financial year to boost the slow economy, in its latest edition of Economy Watch report. EY has said that a borrowing-based full implementation of Rs 111 lakh crore is required to put the economy back on the growth track. As per the latest report by the World Bank, India's growth in FY 21 is expected to contract by 3.2%.