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22 NOV,2020 | MEDC
The third stimulus package announced by the Finance Minister last week is a step in the right direction, as it comes on the backdrop of an economy reviving from the debilitating effects of the lockdown. This is probably the last stimulus package before the Union Budget, and so is of strategic importance. More than half of the Rs. 2.65 trillion packages (almost Rs. 1.46 trillion) is meant for production linked incentives to just ten sectors of the economy. The stimulus cannot be considered a panacea for all ills, but it should keep the economy (and especially a section of the MSME sector) afloat for some time more … which is the need of the hour. While most analysts see the fiscal sops provided by the stimulus as mere tinkering with the system, the fact is that some strategic tweaks are now required. Considering the innate resilience of Indian entrepreneurship as well as our economy, there is room for optimism.
*Photo Credit: Google
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