2nd Covid Stimulus package expected after 2nd wave of pandemic By Yash Gupta, Angel Broking
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In early covid stimulus package Finance ministry announced a stimulus package of 20 Lakhs crores which is 10% of GDP of India.
We expect this year's financial stimulus package will not be as big as what was last time as India fiscal deficit is already at sky High. Finance minister Nirmala Sitharaman already increased the fiscal deficit target from 7.96 lakhs crores to 18.49 lakhs crores in her budget speech.
So we don’t expect a very big 2nd wave covid stimulus package from the Finance Minister this time along with this we suggest retail investors to be cautious on the market.
Above views are of the author and not of the website kindly read disclaimer
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