A reversal for the economy?

India’s finance Minister N Sitharaman has announced some measures to boost the economy. India has been facing a slow down which got worse after the budget came out in July. The government has now announced roll back of the taxes on domestic and foreign investors. The government will also be putting more money into state-run banks. Measures have also been introduced for the auto sector and small businesses before the festive season begins next month.( Read about the issues in the auto sector at Brakes on auto sales.)

These actions come after several businesses leaders and industries had asked the government to take action to boost demands and investment. Have you felt the pinch of the economy yet? What do you think? Tell us in the comments below…

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.