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Another Round Of Stimulus Likely Before Diwali: Sources

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The government is likely to announce another round of stimulus before Diwali, sources in the Finance Ministry told NDTV. The stimulus would focus on job manufacturing and a further extension of the Cabinet's decision to give a push to growth with production-linked incentive schemes, they added. The news comes at a time when the economy is on track to register its worst annual contraction in more than four decades, after the country's GDP crashed a record 23.9 per cent in the quarter ended June 30.

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Category
Asia
Tags
NDTV 24x7, Financial Stimulus, Economic Package
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