As a result, about 53% of the businesses in the country have been predicted to incur losses due to the unavailability of resources. The government has mandated the movement of essential goods along with some necessary measures to prevent an Indian economy slowdown.
RBI has proven to be a worthy accomplice to the government in this process by announcing several measures to save the reality sector from the lockdown effects. The following are some of the measures announced by RBI.
RBI was quick to announce these measures, precisely one day after the Government of India announced a 1.7-lakh crore rupees fund to help combat the Coronavirus outbreak in the country. The measures have been instrumental in amassing 1.37 lakh crore rupees from the banking system of the country.
It is expected that the actions will help keep the economy and the real sectors of the country afloat. They would be instrumental in boosting the spirit of the Indian economy.
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