Narendra Modi India covid-19 economy Government crisis Narendra Modi India

Modi's fiscal package silver lining for small, medium businesses

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India's small and medium enterprises (SMEs), which is among the worst-hit sectors amid the covid-19 crisis, hopes that Prime Minister Narendra Modi's ₹20 lakh crore economic relief package would revive liquidity, bringing the sector back to life.

Though the details of the economic package are due to be announced later on Wednesday, the measures are likely to focus on micro and small industries and medium enterprises, according to industry and government officials. "I broadly appreciate the stimulus as we have no choice but to restart the economy.

If the stimulus could be directed to revive 'Make in India' and 'Tech in India' in a sustainable way, it would be transformative.

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