BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
On June 28, 2021, the Finance Minister Nirmala Sitharaman announced a fresh round of stimulus measures to support the economy after the second wave of Covid-19.
The measures consist of three pillars: ‘economic relief’, ‘health’ and ‘impetus to growth and employment’.
While the announced size of the package was ~Rs 6.3 trillion (or ~2.8% of nominal gross domestic product in FY22), the actual fiscal outgo in FY22 is likely to be ~Rs 684 billion (~0.3% of GDP).
Our analysis of the measures shows that ‘economic relief’, ‘health’, and ‘impetus to growth and employment’ pillars account for 60%, 2% and 38% of the total announcements.
However, in terms of fiscal outgo, they account for 0%, 22% and 78% respectively.
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