The government’s much-hyped ₹20-trillion fiscal package disappointed companies who were expecting big-bang stimulus measures to revive the economy that has remained almost idle for most of the past two months, leaving stock markets vulnerable to a swift pullback.
The key concern for a sizable section of India Inc. was the lack of measures to boost consumption or direct steps to support industries such as hospitality and aviation that are the worst-hit by the nationwide lockdown that has now been extended to the end of this month.
As part of the final tranche of the stimulus package, finance minister Nirmala Sitharaman on Sunday announced a series of measures, mainly structural in nature, aimed at creating a conducive environment for