The novel coronavirus (COVID-19) pandemic has made the world go on a roller coaster ride, impacting every aspect of life. After attacking human health, it has spread its tentacles on the global economic health and India is no alien to it. Even though Indian government has started lifting lockdown on industrial activities in a phased manner, it will take a long time for normalcy to return.
Investors have seen long-accumulated profit getting wiped away within the blink of an eye. However, as people begin rebuilding their lost asset, they scout for various options. This is the right time to invest in stocks of good companies, which are now trading at dirt cheap prices. Even investing in Systematic Investment Plans (SIP) is a good option. And gold is always a safe haven when equity market is volatile.
However, every investment should be done for a longer period to yield better returns, even though the results of recovery could be visible only from the second half of the current fiscal 2020-21 (FY21).
The government has rolled out an economic package worth ₹20 lakh crore to provide necessary shots to various sectors. To revive economic activities through its Atmanirbhar Bharat Package the government has put much stress on the MSME, even by revising the definition of the sector.
The government’s self-reliant package has focused on liquidity, land, labour and laws.
This story is from the June 2020 edition of Outlook Money.
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This story is from the June 2020 edition of Outlook Money.
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