Finance minister Nirmala Sitharaman’s hints of further financial relief should lift the spirits of India Inc. Policy flexibility will serve the larger interests of the Indian economy Just as economists and businesses seemed resigned to diminishing demand as a kind of “force majeure" on its own, given the weak stimulatory effect of last week’s relief package, hopes have been stoked again.
The five tranches of policy measures announced by finance minister Nirmala Sitharaman may not be all. There may yet be more to come, as her media statements suggest.
Asked upfront by Mint about the possibility in an interview, she said, “I am not ruling it out. I have to see how [the pandemic] develops as we go further." This seems to indicate that the