The effectiveness of the additional stimulus
package of around Rs 10 billion, equivalent to 3.8% of GDP
( much above the 2% norm recommended by the international institutions) to
shore up our economic performance will depend to a large extent on some
important parameters. A fundamental one, as pointed out by erudite Pierre Dinan,
is our ability of “sortir
du mode du projet pou passer à l’action” - especially the big time lag between
allocation of funds and actual work being started.
