InvestorQ : How is Trump stimulating the US economy? Why cannot India also attempt something like that only to boost the economy?
Aashna Tripathi made post

How is Trump stimulating the US economy? Why cannot India also attempt something like that only to boost the economy?

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Tisha Malhotra answered.
10 months ago
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Trump has already taken a massive Federal effort to boost the economy. He has asked the Congress to speed up issue of emergency cheques to Americans. His proposed economic package could cost $1 trillion, largest in recent memory. Trump has asked for cheques to be sent to people within two weeks so that their financials are not impacted. Senate will first vote on a package of sick pay, emergency food and free testing. The US Fed has also, at the urging of Trump, cut rates from 1.75% to 0% in just two tranches in a span of less than 10 days. Comparatively, the Indian response has been fairly low. One can say that the virus is not such a major problem in India but the slowdown still is. Some quick measures like the liquidity infusion is good but rat cuts and temporary tax breaks will go a long way.

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