Inc42 Shots | India Likely To Announce Another Fiscal Package For Covid-19 Impacted Businesses

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The Indian government is currently considering to announce another financial stimulus, something similar to the INR 1.70 Lakh Cr package announced last month for the vulnerable section suffering due to the Covid-19 pandemic.

“We expect the ministry of finance to announce a second fiscal stimulus of 0.3% of the gross domestic product atop 0.35% done,” the economist from Bank of America (BofA) Securities said.

Last week, the commerce minister Piyush Goyal assured startups that a relief package will be announced soon in a meeting attended by industry stalwarts from venture capitalists from Sequoia Capital, Accel Partners, 3one4 Capital to entrepreneurs like Paytm CEO Vijay Shekhar Sharma, OYO founder Ritesh Agarwal, Curefit founder Mukesh Bansal among others.

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