RBI's measures welcome, but govt has to bail out small companies: India Inc

Economy and industry need a heavy dose of liquidity infusion, say CEO after central bank announces new measures to help economy.

The Reserve Bank of India’s (RBI’s) measures to inject additional liquidity and cut the reverse repo rate will help large Indian companies. However, it is not enough to revive growth engines unless the Centre comes out with a financial package for mid and small sized companies.

The brass of several companies said unless the entire ecosystem is up and running, including retail stores, it would be very difficult to reopen plants and start production.

The RBI’s move should be considered as incremental, amid rising evidence