Opinion | Government has taken care of India’s largest employers, through aid for MSMEs
The MSMEs will also get benefits of other measures announced by the FM like receivables from Government agencies being released within 45 days as well as benefits of e-marketplace linkages
The INR 20 trillion stimulus package announced by the Prime Minister last evening, amounting to almost 10% of India’s GDP, brings us at par with economies like the US as far as the size of the stimulus in response to Covid-19 is concerned. In the face of an unprecedented crisis brought upon by the pandemic, this package could lay the foundation for economic revival in India. We must acknowledge that we have also not experienced a crisis of this proportion too and it requires a disproportionate reaction too!