PM Modi's Rs 16,000-cr scheme to not only light up homes but also markets

Such fiscal measures had helped the Indian economy to a large extent after Lehman crisis

Prime Minister Narendra Modi on Monday launched a Rs 16,000-crore scheme to light up 40 million homes with power connections free for the poor and at very low cost for others by December 2018. According to reports, more fiscal incentives are being worked out by the government for exporters.
 
These stimulus measures are welcome developments for both the economy and the markets. Such fiscal measures helped to a large extent the Indian economy after Lehman crisis – at that time, when many comparable economies posted de-growth in gross domestic product (GDP) on a quarterly basis, the Indian economy avoided