Perspective on Finance Minister's announcement by Dr. Joseph Thomas, Head of Research - Emkay Wealth Management.
“The
announcement made by the Finance Minister, the first in a series,
contained several measures targeted at improving liquidity and credit
flow into MSMEs and NBFCs and smaller businesses. This assumes greater
importance due to the fact that it is these segments which have been
adversely impacted due to the lockdown.
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| Dr. Joseph Thomas - Head of Research, Emkay Wealth Management |
These measures will go a long
way in instilling confidence in banks, financial institutions and
investors in supporting the sections of business which actually require
aid and help.
The measures are more of supply side and there is very
little that is on the demand side. Probably, the future announcements
may contain a more balanced coverage of demand and supply side factors.
Demand side factors generally tend to work faster as it is oriented
towards the consuming unit directly.”
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