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FM’s package: Maximum economic impact with minimal fiscal outgo

May 14, 2020 / 08:22 AM IST
FM’s package: Maximum economic impact with minimal fiscal outgo

Finance Minister Nirmala Sitharaman posted a picture of her on twitter as she is back to work in North Block office wearing a home-made mask. (Image: Twitter @nsitharaman)

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

It is early days to call this the 1991 moment revisited for India but the government has realized the grave challenges confronting the country. In a very welcome move it has decided to put the economy at the heart of its focus, after appearing to be in denial for long. In the first of a series of announcements expected to be spread over a number of days, the finance minister has turned the spotlight on the most vulnerable –the MSME...

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