After announcing several relief measures in his previous address recently, to counter the economic slowdown, these new measures announced today will definitely bring adequate liquidity in the system, facilitate bank credit flow, ease financial stress & help India emerge as a leader in a post-COVID-19 world. Also, the IMF projection of India to post a sharp turnaround in 2021-22 is a promising indication for the economy to bounce back in the near future. Relaxations for real estate is also important as the sector employs a large number of people. These are certainly very good announcements particularly on the liquidity front and today’s announcements will ensure that even the smaller players will also get access to liquidity.
With reference to the various announcements made by RBI Governor today, please find below comment from Mr. Lincoln Bennet Rodrigues, Founder, and Chairman, Bennet & Bernard Group, a leading luxury real estate developer known for their unique and exclusive holiday homes in Goa.