The Policy Monitor
It’s time for the nation to apply the lessons from its unexpected achievements in the past to ignite a health revolution for a bright future. It’s time for the nation to sit back and re-evaluate what is lost and what could have been saved. It’s time for the nation to not settle but instead, move on to a better normal.
Focusing on institutionalising loan restructuring for MSMEs could ameliorate the structural long-run issue of high defaults. Further, apart from all this supply side facilitation, the government must start thinking about the demand side of the economy since its deceleration has been at the core of the chronic economic slowdown, which has certainly impacted the MSMEs adversely.