Policy measures to bolster the demand index and enhance the consumer index

The Indian authorities’ effort to keep the economy going despite the inherent challenges will certainly bear fruit. The Indian economy needs bold and immediate action, measures like a time-bound slashing of GST by 50 per cent across industries, to revamp demand and ensure a quick, V shaped economic recovery. The economic unlocking process has resulted in proverbial green shots being visible in the barren landscape of economic growth. To further boost overall economic health, a booster dose is required  – especially in construction and Infrastructure, which are labour intensive and have a multiplier effect on 269 allied industries. In turn, this will generate demand and employment, which is the need of the hour. 

In a move that is aimed at making home loans easily available, the Reserve Bank of India (RBI) rationalized risk weightages attached to some categories in the segment. This move is likely to make more credit available to borrowers at a better rate. Real estate experts believe that it will help in improving sentiments in a weak real estate