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Monetary policy

The FM has given an INR1.45 lakh crore fiscal “injection”. HUL, Maruti, Parle, et al., go on do your thing

With the Friday stimulus, the finance minister has looked beyond fiscal-deficit targets in a bid to kick-start a revival. Companies need to do their bit now, by investing, getting the jobs back, and spurring consumption so that the sentiment improves. Because actual growth is as much about sentiment as real fiscal measures.
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23 Sep 2019 6 Mins Read 1 comments
Union minister of finance Nirmala Sitharaman (third from left) at an event in Delhi to mark Income Tax Day on July 24 Getty Images
Union minister of finance Nirmala Sitharaman (third from left) at an event in Delhi to mark Income Tax Day on July 24
Developing economies always have to walk a tightrope between the twin goals of growth and fiscal deficit. In an environment where trade wars and geopolitical tension are commonplace, fiscal policy has to play a critical role in reinvigorating growth. India has also been going through growth pangs, evidenced by sub-6% GDP growth in the first quarter of the current
However, the finance minister has made it clear that fiscal targets are not set in stone and she is willing to walk the extra mile and do whatever it takes to revive the economy. All eyes are now on corporate boardrooms for action on the ground. ( Research support by Rochelle Britto) ( Graphics by Sadhana Saxena)
Developing economies always have to walk a tightrope between the twin goals of growth and fiscal deficit. In an environment where trade wars and geopolitical tension are commonplace, fiscal policy has to play a critical role in reinvigorating growth. India has also been going through growth pangs, evidenced by sub-6% GDP growth in the first quarter of the current However, the finance minister has made it clear that fiscal targets are not set in stone and she is willing to walk the extra mile and do whatever it takes to revive the economy. All eyes are now on corporate boardrooms for action on the ground. ( Research support by Rochelle Britto) ( Graphics by Sadhana Saxena)

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