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Fiscal impact of stimulus to be around 0.6% of GDP in FY21: Experts

The finance minister announced tax relief on select home sale deals, enhanced credit guarantee programme for small businesses and provided incentives for new job creation

New Delhi: Union Finance Minister Nirmala Sitharaman and Minister of State Anurag Thakur during a news conference in New Delhi, Thursday, Nov 12, 2020. (PTI Photo/Kamal Kishore)
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Union Finance Minister Nirmala Sitharaman and Minister of State Anurag Thakur during a news conference in New Delhi, Thursday, Nov 12, 2020. (PTI Photo/Kamal Kishore)

Press Trust of India Mumbai
Welcoming the latest round of stimulus announced by Finance Minister Nirmala Sitharaman on Thursday, experts said the measures will support the economic recovery boosting demand, job creation and by providing funds to the MSME and stressed sectors. The fiscal impact of the stimulus is likely to be around 0.25-0.6 per cent of GDP in the current fiscal, they said.
 
The finance minister announced tax relief on select home sale deals, enhanced credit guarantee programme for small businesses and provided incentives for new job creation as the government widened stimulus measures to boost the economy.
 
The measures that also include additional

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First Published: Nov 12 2020 | 10:17 PM IST

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