Rs 20-trillion stimulus: How brokerages have interpreted the measures

Overall, the government's measures to undertake changes on land, labour and laws and to provide liquidity appear large and should support sentiment

Prime Minister Narendra Modi announced Rs 20-trillion relief package for the Covid-19 impacted Indian economy in a late evening address to the nation on Tuesday. While the granular details of the stimulus are yet to be made public, Modi hinted at another lockdown phase (Lockdown 4.0), albeit with a new set of rules.

The PM said the Rs 20-trillion package, nearly 10 per cent of India’s gross domestic product (GDP), would be with the objective of putting money into people’s pockets to spur domestic consumption and demand. The package would cater to various sections, including the cottage industry, micro,