Business Standard

Atmanirbhar Bharat 3.0 to boost sentiment and solidify economic revival

The package offers a variety of measures to boost capital spending and infra investment, incentivise job creation and also provide support to the farm and non-farm portion of the rural economy

ICRA, Aditi Nayar
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At present, our forecast for Indian real GDP in FY2021, is of a contraction of 11%, Nayar said

Aditi Nayar New Delhi
The Atmanirbhar Bharat package 3.0 has offered a comprehensive set of announcements, although its assessed standalone fiscal cost is modest. Nevertheless, this package is expected to provide a fillip to sentiment, and help solidify the strength of economic recovery that is underway in H2 FY2021.

The package offers a variety of measures to boost capital spending and infrastructure investment, incentivise job creation, and also provide support to the farm and non-farm portion of the rural economy.

These measures, especially the ones focused on the core sectors that have a higher multiplier effect, such as the increase in the outlay of Rs 18,000

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First Published: Nov 12 2020 | 5:16 PM IST

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