In a significant development, the Indian government has announced new measures aimed at boosting the country’s economy. Finance Minister Nirmala Sitharaman revealed a slew of initiatives, including tax incentives for homebuyers and relief measures for the automobile sector. The move is expected to provide a much-needed stimulus to key sectors grappling with economic slowdown. The real estate sector is set to benefit from the decision to extend the deadline for availing additional deduction of interest amounting to INR 1.5 lakh for affordable housing loans. Additionally, the government has relaxed external commercial borrowing norms for housing, affordable housing, and other infrastructure projects. The automobile industry, which has been facing a downturn, will see a positive impact with the government deferring the hike in registration fees till June 2020. These measures are part of the government’s efforts to revitalize the economy and drive growth in key sectors. Experts believe that these initiatives will help in boosting consumer sentiment and increasing demand in the market. The government’s focus on addressing sector-specific challenges is expected to pave the way for a more robust economic performance in the coming months. With these new measures in place, the Indian economy is poised for a gradual recovery, providing much-needed relief to businesses and consumers alike.