he government finally took note of the economic slowdown that has not only hit earnings, but also dragged the market to multi-month lows since June.Nifty itself corrected more than 1,400 points from record high touched in early June.However, that downside was controlled and the market has turned rangebound for around a month now, thanks to the government starting to take measures to boost the economy and improve the sentiment.After helping the auto sector, NBFCs and merger of PSU banks with upfront recapitalisation amount, Finance Minister Nirmala Sitharaman held another press conference on September 14, giving a boost to exports and relief to home buyers.
FM Sitharaman announced second set of economic measures to help revive the real estate via incentives to home buyers, relaxation of ECB guidelines and last mile funding of Rs 10,000 crore to those projects which completed 60 percent, export sectors via increase in credit guarantee for export finance, easing regulations, mega shopping festivals like Dubai and refund.
Experts feel these announcements will not only support housing and textile sectors, but also boost several other segments including cement, infrastructure, metals and housing finance companies.