Size of economic stimulus announced is below market expectations
The Finance minister has announced an economic stimulus package of Rs.11 lakh cr. between the 13th and the 17th of Mar’20. Including various measures announced by the RBI & government earlier total size of the economic package works out to Rs.21 lakh cr. Markets have however been disappointed by the package given that it relies more on providing credit to the markets and the lack of actual cash spending and far reaching reforms by the Government.
Other than the lack of cash spending the markets have also been disappointed by the size of the new measures announced as it is also includes liquidity measures of Rs.2.8 lakh cr. announced by the RBI prior to the 27th of Mar’20 which was not in line with market expectations.
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