Govt changes tack with plans for bigger stimulus rivaling G-20 peers

Higher borrowing, economy restarting has changed govt's earlier view of smaller measures

Finance Minister Nirmala Sitharaman could later this week announce a bigger stimulus package than the Rs 1.7-trillion one she had declared in late March. The possible quantum of her next set of announcements could total Rs 3 trillion or more, Business Standard has learnt.
 

And it won’t be the only one. There could be multiple measures announced in quick succession, not only by the Finance Minister but also other ministers regarding their respective sectors, and by the Reserve Bank of India. These will be fiscal measures for citizens and beneficiaries, which will directly come out of the Centre’s budget, as