As indices have regained some lost ground, markets are now paying less attention to the sharp reduction in economic-growth forecasts.
The bellwether Nifty 50 recouped about 21% from lows made in March. Investors hopes have risen that the additional stimulus to be announced will prop up the economy, and the markets.
The Indian government’s stimulus could be at least $13 billion according to market talk which will be largely aimed at small businesses to tide over the coronavirus shutdown.
While this is lower than the previous ₹1.7 trillion package, it could still help alleviate some pressures these businesses are facing.