Experts said the measures announced on Saturday were much needed industrial reforms addressing the supply side rather than being stimulus measures Finance minister Nirmala Sitharaman on Saturday announced plans for liberalising the mining, defence production and aerospace industries in a bid to make investments easier in the post-Covid-19 world.
She also announced immediate plans for privatising six more airports and offered financial support for making social infrastructure projects viable.
The focus of reforms on the core sectors of coal, mining and electricity comes at a time official data showed last month a sharp 16.7% contraction in India’s industrial output in March.