About time the govt stopped discussing a stimulus package and announced it

There is no sight of reform measures as well

The Purchasing Managers’ Index  (PMI) for Indian manufacturing, or PMI, has fallen an unprecedented amount in the month of April. On a seasonally adjusted basis, it has gone down from almost 52 in March to 27.4 in April. According to IHS Markit, which compiles the index, correspondingly, there has been a  drastic reduction in staff numbers in April, also the steepest on record in the survey. Discounts were offered across the board, indicating a decrease in pricing power and deflationary pressure — even amidst similarly unprecedented disruptions to the supply chain of materials and inputs. A similar, though perhaps less