With the Indian economy in the doldrums, the Modi government is likely to announce yet another booster dose to provide relief to the middle class and to bring the faltering economy back on track.
The Indian Express reported that this time the government’s new stimulus package will focus on the non-salaried middle class and small businessmen, who have been the worst affected due to the coronavirus pandemic lockdowns and the resultant disruptions in their businesses and jobs.
The new fiscal stimulus package is likely to emphasise on the groups that are not entirely poor, but are also not rich. However, the quantum of the package has yet to be finalised.
As the lockdown is almost over and most states in the country are slowly opening up businesses and services, the Finance ministry feels that a new stimulus package at this time will lead to desired results. The ministry has been