The government is not ruling out the possibility of another set of economic stimulus to steady the economy, a senior government official said, a day after the finance ministry announced steps to boost consumer spending and capital expenditure. The government’s willingness to offer more measures assumes significance given that the Union budget exercise for the next fiscal has already begun. “We are not closing the option of another stimulus if needed,” said the official, who spoke on condition of anonymity. The assurance from the Narendra Modi administration comes in the context of the Reserve Bank of India on Friday announcing a host of steps aimed at boosting liquidity support to financial markets and to key sectors of the economy.
