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.
A 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.
The economy is struggling for a long time and different sectors were affected well before the lock down and in order to overcome the recession if they are printing more money then how they will control the flow of money and how they will be withdrawing the money at a later time, countries like the US and Europe are struggling to withdraw the money they printed earlier and how India will be able to achieve the impossible. The current government has already sold all the public ventures to private parties and i wonder what will be the situation in the next 5 years.