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Ease of Business and Make in India headline Day 4 of stimulus measures

Today's announcements focused on introducing structural reforms and the need to decongest sectors.

May 16, 2020 / 07:40 PM IST

After announcing measures aimed at resurrecting MSMEs, rural economy and agriculture sector battered by the COVID-19 outbreak, FM Nirmala Sitharaman on May 16 unveiled the fourth tranche of stimulus package designed to help achieve the goal of Atmanirbhar Bharat.

Today's announcements focused on introducing structural reforms and the need to decongest sectors.

Setting the tone for the press meet, Sitharaman said policy simplification is needed to get the economy back on track.

"We need to prepare for tough global competition. When we speak of Atmanirbhar Bharat, we are not looking inwards, it is not isolationist policy, it is making India rely on its strengths, ready to face global challenges," she said.