InvestorQ : Is the Indian government planning another fiscal stimulus to the Indian economy and when is it likely to happen?
Mahima Roy made post

Is the Indian government planning another fiscal stimulus to the Indian economy and when is it likely to happen?

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Aditi Sharma answered.
10 months ago
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The Prime Minister Modi on Saturday held a series of meetings with key ministers including Amit Shah and Nirmala Sitharaman to discuss the contours of a second stimulus package for specific sectors impacted by the. Clearly, the instruction has been to focus on reviving the fortunes of the Micro, Small & Medium Enterprises (MSME). The pressure is also visible from the fact that the Finance Ministry put off the release of monthly GST collection numbers for April. Modi has been exploring the possibility of attracting domestic and overseas investment for revival of small businesses. In March, the government had announced a Rs.170,000 crore stimulus package comprising free food grains and cooking gas to poor and cash doles to poor women and elderly. While the second dose is expected soon, for specific sectors and MSMEs, the government also needs to ensure that fiscal deficit is kept in limits to avoid a sovereign downgrade.

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