Markets will cheer Rs 20-trn package, but the devil could be in the detail

The moot question would be how the Government will fund this package.

This is possibly the first 8pm address of Prime Minister Mr. Narendra Modi to the nation that has brought a cheer to us all. The Prime Minister rightly said that the difficult situation created by the Covid-19 pandemic needs to be converted into an opportunity.

He added that India should be self-reliant with an efficient supply chain. And concluded that 21st Century should rightly belong to us.
 

It’s a good vision statement. However, many of us had identified this pandemic as an opportunity for India since global buyers may look to de-risk their supply chain and India could figure