The fiscal cost and the impact on the economic activity of the measures unveiled by the government on Monday to spur consumer demand and capital spending appear to be ‘fairly modest’ but may help trigger sentiment in the short term, economists said.
Finance minister Nirmala Sitharaman on Monday announced steps to boost consumer demand and push capital spending by the Centre and states.
The FM announced two schemes for government employees including a festival advance plan to shore up consumer demand and a special interest free 50-year loan to states for capital expenditure for Rs. 12,000 crores.
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