Second stimulus package soon: Kamal Nath

The government of India may soon declared its second stimulus package to protect the economy from the impact of the global financial crisis. Kamal Nath the Commerce Minister said that the government is going to announce more measures to stimulate the economy next week, according to media reports.

On 7th December the government of India has announced package for many sectors. In the second package the government would take the interest of sectors those are not listed in the fist package. Probably, the government may come out with another package in the next week.

The sectors including engineering, textile and agriculture, would get measures from the government of India in its second package. All most all the sectors are being affected due to the global turmoil. The first package gave relief to some sectors and helped manufacturers to boost the demand for their products, by cutting the Cenvat by four per cent.