In a significant development for the Indian economy, the Reserve Bank of India (RBI) has announced a new stimulus package aimed at boosting growth and employment. The RBI Governor, Shaktikanta Das, revealed that the central bank will inject liquidity worth Rs 1 lakh crore into the financial system through multiple measures, including a special long-term repo operation. This move comes amidst the ongoing economic challenges posed by the COVID-19 pandemic and aims to provide much-needed support to businesses and individuals. The RBI also decided to maintain the repo rate at 4% and the reverse repo rate at 3.35%. Additionally, the central bank has revised its GDP growth forecast for the fiscal year 2021-22 to 9.5%, up from the previous projection of 9.2%. The RBI’s decision is expected to have a positive impact on various sectors of the economy, including manufacturing, services, and agriculture. Industry experts have welcomed the stimulus package as a step in the right direction towards economic recovery. The announcement has also been well-received by the stock market, with key indices recording gains following the news. Overall, the RBI’s latest measures are seen as a timely intervention to support the Indian economy in its path towards recovery and growth.