Did Modi just rename the Govt Budget as Economic Package?

The 10% (of GDP) fiscal package is significant, BUT

  1. No details of how the 10% (already includes RBI amount announced earlier) is going to be funded! And impact on ratings is to be determined subsequently

  2. Already includes amounts from RBIs monetary policy announcements made in the last six weeks

  3. 10% is as high as the US - but given jhumlagiri - wait for the details before rushing to any conclusions

And how much are readjustments from the budget for this year?

From earlier directed allocations to new areas which are part of the "self-reliant" vision

To be seen:

  1. So, what's net incremental funds?
  2. Sourcing for funding it?
  3. Ratings impact

Net net, sounds very positive but await details

6.5 lakh crores was already announced - 4.8 l crore from RBI through liquidity measures

And 1.7 lakhs (net around 1.1 l cr as 60k cr was already budgeted) was from Sitharaman for the poor

Modis 20 lakh crore includes Labour, Land and Liquidity (Expect Banknifty to be a big beneficiary tomorrow)

About the amount

Incremental 13.5 l details?

And break up across years if it's all not front-loaded

I expect a large part of the package to repair lending - banks and borrowers

And hopefully demand stimulation and jobs

/r/india Thread