How exactly has corporate India reacted to the Stimulus 4.0 package announced by Nirmala Sitharaman?

Corporate India was has strongly welcomed the COVID 4.0 stimulus announced by the Finance Minister, Nirmala Sitharaman, on 28 June. The total relief package for Stimulus 4.0 includes among other things, Rs.110,000 crore loan guarantee scheme for affected sectors as well as an expanded scope of ECLGS by Rs.150,000.

In an interesting move, the government has opted to give a quantum boost to tourism demand by offering free tourist visas to 5 lakh tourists in FY22. There has also been a major allocation to health and also on public health infrastructure. The package will entail an additional $84 billion or Rs.629,000 crore to be precise.