India Announces Fiscal Stimulus Plan

The Indian authorities responded quickly to the Covid-19 pandemic. The comprehensive and substantial fiscal stimulus announced this week by Prime Minister Modi amounts to almost 10% of GDP – around USD265 billion equivalent. It provides not only a general boost to demand in the economy, but is a cleverly targeted package to address sector-specific concerns. As electricity demand increases with the return to work post-lockdown, investors in power and renewable energy will look at India with renewed enthusiasm. At ThomasLloyd, we are proud of our India investment strategy and excited about the future opportunities.

Market Report: India announces fiscal stimulus plan (PDF)