Views on Financial Relief Package announced - Acuité Ratings & Research Limited

Suman Chowdhury, Chief Analytical Officer at Acuité Ratings & Research on financial package announced today:

"The announcement of a Rs 20 lakh Cr package for revival of the economy is definitely welcome although the details will need to be understood as and when they are disclosed. Further, it will also be important to figure out the financing methods as large additional government borrowings from any of the sources will have implications on not just fiscal position but other macro indicators like inflation. Acuité nevertheless, believes that the announcement goes beyond a particular stimulus amount and reflects the government's intent to alter the economic narrative through substantial reforms that will facilitate large scale private and public sector investments towards 'make in India' and infrastructure projects, thereby generating employment opportunities."

Source : Equity Bulls

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