FM’s announcement may help revive investor confidence, boost markets

1 min read
  1. Finance minister had announced a number of economic measures to revive economic growth through fiscal stimulus.
  2. These measures were announced in the backdrop of (a)domestic and global growth concerns (b)weakening demand for India companies and (c)the threat of escalation of tariff war between US and China.
  3. The steps announced were such as (a)removing enhanced surcharge on foreign portfolio investors(FPIs) (b)capital infusion of ₹70,000 crore in public sector banks (c)addressing delayed GST payments (d)securing transmission of lower repo rates among others.
  4. These steps are expected to infuse liquidity into the market and thereby reduce pressure from several companies.It may also revive the investors confidence.