Way Forward As the debt manager of the Government, Reserve Bank has to ensure that the financing needs of the Government is met at low cost over medium/ long-term while avoiding excessive risk. However, given the quantum increase in market borrowings, it is critical to develop a strategy by coordinating the market borrowings of Central and State Governments. i.
In particular: •  Some of the decline in employment may turn out to be persistent – for instance, because high unemployment may discourage workers from seeking employment or because workers' job skills may deteriorate during long spells of unemployment. Labour displacement associated with firm closures and mass layoffs tends to increase during recessions, adding to structural unemployment, particularly for older displaced workers.