Atmanirbhar Bharat 3.0 to boost sentiment and solidify economic revival

The package offers a variety of measures to boost capital spending and infra investment, incentivise job creation and also provide support to the farm and non-farm portion of the rural economy

The Atmanirbhar Bharat package 3.0 has offered a comprehensive set of announcements, although its assessed standalone fiscal cost is modest. Nevertheless, this package is expected to provide a fillip to sentiment, and help solidify the strength of economic recovery that is underway in H2 FY2021.

The package offers a variety of measures to boost capital spending and infrastructure investment, incentivise job creation, and also provide support to the farm and non-farm portion of the rural economy.

These measures, especially the ones focused on the core sectors that have a higher multiplier effect, such as the increase in the outlay of Rs 18,000