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US stimulus can aid Indian IT's retail business recovery

Stimulus can benefit US retailers, helping them sustain or even accelerate technology investments

March 12, 2021 / 09:03 AM IST
US stimulus can aid Indian IT's retail business recovery

The $1.9 trillion stimulus approved by the US Congress can benefit the retail business segment of the India IT and possibly improve the industry’s growth in FY22. The relief package provides a $1,400 check to a large number of Americans, among other things. A $600 dollar pay-out approved in December 2020 gave a fillip to retail sales in January, which clocked its first monthly growth after September 2020. Another large pay-out can drive more consumer purchases, benefiting the retail...

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