Letters

Sectoral crisis

 

There is a need to support the automobile industry and in turn revive the economy with animal spirits (Editorial, “Symptom as cause”, August 15). Disposable income is either stagnant and employment is at an ebb. There is news of industrial distress if one can use the examples of Jet Airways and the headwinds in the automobile sector. No segment can be said to be in bloom.

Creditors are wary and erring on the side of caution leading to a liquidity crunch. The fallout of demonetisation has not waned as well. The government needs to adopt a take-no-prisoners approach in tiding over the acute economic crisis.

Deepak Singhal,

Noida, Uttar Pradesh

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Printable version | Feb 23, 2020 5:57:56 PM | https://www.thehindu.com/opinion/letters/sectoral-crisis/article29104036.ece

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