Nobel Laureate Abhijeet Banerjee has recently asked India to print more money and transfer them to the poor class of people to increase demand in the market to tackle upcoming recession post COVID-19.
Reference:
https://m.telegraphindia.com/business/abhijit-banerjee-offers-print-money-pill/cid/1763262A lot of economists will say it is a bad idea because later it will become very difficult to arrest inflation rate. But increasing the demand is a major challenge as well.
Voice your opinion! Will be good or bad step for a diverse country like India?
For what I can see the solution being proposed here is in fact supported by the mainstream economists all around the world, they want governments to get debt or print money to drive up the demand of goods and curb the recession and prevent a depression from happening, as you may guess I do no like those measures however if the world economy was robust and in decent shape maybe some measures like that could be taken but that is not the case, most governments are heavily indebted already and were printing too much money anyway, if they were to increase both now there is a possibility they could lose control of the economy and the inflation rate could grow to huge levels.