Finance Minister announces 12 key stimulus measures to boost economy

Finance Minister Nirmala Sitharaman Thursday announced 12 key stimulus measures to boost the economy saying that it is emerging strong amid the Covid-19 pandemic as key parameters of the economy are in the positive trajectory.

She said, these stimulus measures announced under the Atma Nirbhar Bharat 3.0 will provide a boost to employment, agriculture, infrastructure, manufacturing, housing and research and development of Covid-19 vaccine in the country.

Addressing the press briefing in New Delhi , the Minister said, these announcements are in line with the earlier stimulus packages which were announced to effectively deal with the effect of Covid-19 pandemic. She said, the size of the stimulus being provided by the government as part of the 12 announcements, amounts to 2 lakh 65 thousand crore rupees. She added that these Atma Nirbhar Bharat stimulus measures cumulatively amounts to 15 per cent of the GDP.

Informing about the state of the economy, Finance Minister said, rise in PMI Index, energy consumption, GST collection, bank credit, FPI investment shows that India‟s economy is doing better. She said, market capitalization and forex reserves are at an all time high which is a positive indicator.