However, the stimulus has raised more questions than answers. Some economists say that the actual scale of the stimulus is much smaller in magnitude and questioned its effectiveness to revive the Indian economy. Others have raised concerns over sources of financing the stimulus and add the burden lies with the already ailing banking system. The crisis has also raised questions over the relationships between Central and State Governments.
There cannot be a better person than Prof Govinda Rao to answer these questions given his wide experience in India's policymaking and research. He has written on these topics extensively. The Conversation series invites all students of economics and those interested in economics to join us in what promises to be a fascinating discussion.