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- Finance minister had announced a number of economic measures to revive economic growth through fiscal stimulus.
- These measures were announced in the backdrop of (a)domestic and global growth concerns (b)weakening demand for India companies and (c)the threat of escalation of tariff war between US and China.
- The steps announced were such as (a)removing enhanced surcharge on foreign portfolio investors(FPIs) (b)capital infusion of ₹70,000 crore in public sector banks (c)addressing delayed GST payments (d)securing transmission of lower repo rates among others.
- These steps are expected to infuse liquidity into the market and thereby reduce pressure from several companies.It may also revive the investors confidence.
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