NITI Aayog Vice Chairman Rajiv Kumar on Thursday said the Indian economy might end up with a lower contraction in the current fiscal than projected by various organisations and also stressed that the next stimulus should focus on short-gestation infrastructure projects.
Participating in a virtual event organised by Public Affairs Forum of India (PAFI), Kumar said helicopter money is not something that the government is looking at.
Generally, helicopter money refers to quantitative easing policy by the central bank to ensure more liquidity in the system.
“There are some people who now say that it may not be as bad as it has been forecast and there are signs that we may not have economic contraction (of) 9.5 per cent or 10 per cent that we thought about,” he said.
