Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
Upcoming Event : LeapToUnicorn - mentoring, networking and fundraising for startups. Register now
Budget 2023
Budget 2023

MSME, tourism, healthcare among top 9 sectors to benefit most from Sitharaman balm: Experts

Four of the eight announcements by the Finance Minister were new and the other four were extension of existing schemes. According to analysts, the stock market is likely to react positively as the steps will help economic recovery, with limited fiscal cost.

June 29, 2021 / 02:08 PM IST
Union Finance Minister Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman

In an attempt to revive the pandemic-hit economy, Finance Minister Nirmala Sitharaman, on June 28, announced eight economic relief measures. Four of them were new and the other four were extension of existing schemes.

Sectors such as health, Micro, Small and Medium Enterprises (MSMEs), tourism, hospitality, fertilisers, NBFCs, healthcare, electronic manufacturers and IT stand to gain the most.

Barclay’s, in a report, estimated that the additional fiscal spending for the measures announced so far, including previously announced ones, to be Rs 1.5 lakh crore, which raises the fiscal deficit forecast to 7.5 per cent of the GDP.