Supply-side policies failed, switch to demand stimulation: Bengal FM writes to Sitharaman ...Middle East

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Supply-side policies failed, switch to demand stimulation: Bengal FM writes to Sitharaman
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West Bengal Finance Minister Amit Mitra has written to his counterpart at the Centre, Nirmala Sitharaman, urging her to take measures to increase demand in the economy as the supply-side policies have ''failed'' to boost the manufacturing sector. Gross fixed capital formation, which was Rs 12.3 lakh crore in the first quarter of 2019-20, fell to Rs 10.2 lakh crore in the corresponding period of the current fiscal, - ''a fall of an investment by Rs 2.1 lakh crore, despite your numerous packages and corporate tax cuts'', he said in the four-page letter. ''I would like to draw your kind attention to the deep distress that the common people of our country are facing today. This distress is likel

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