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?
Is there any other choice right now? Everyone knows how poor country India is (while keeping second place in world's population ranking) and how people live there.
In india there are some tallented programmers and I know it they do 2000$ job for 50-100$ just to live and survive. When you put such country in lockdown, it's another death verdict. At least you can develop immune system against coronavirus but you have no choice when you are left in front of hunger.
So for this reason if they want to still continue lockdown and get rid of excessive death caused by hunger, then they have to print money to just escape now. But what may happen in future... In any way inflation will cause a bad scenario.