Stimulus Package By Government Of India

The mega rs 20 lakh crore stimulus package announced on tuesday by pm modi includes previously announced measures to save the lockdown battered economy and focuses on tax breaks for small businesses as well as incentives for domestic manufacturing.

Stimulus package by government of india. While breaking up the stimulus package figures sitharaman. Economists were unimpressed by india s 9 94 billion fiscal stimulus package announced on monday with one of them saying it was underwhelming. The indian government s covid 19 package will not have a major fiscal and economic impact despite the government s claim of it s 10 of gdp size said a report from fitch solutions country risk and industry research a unit of fitch group.

Government of india s mega economic stimulus package inr 20 lakh crore 275 billion since the covid 19 pandemic took the world in its grips early this year the global economic system came to a near standstill. Inr 2 65 lakh crore comprehensive stimulus package announced by the finance minister tax measures e g. The prime minister of india declared a covid relief package of inr 20 trillion usd 260 billion on 14 nov.

Finance secretary ajay bhushan pandey hinted that the govt is working on another stimulus package but he refrained from giving a timeframe. Top un economic experts have hailed as impressive the rs 20 lakh crore stimulus package the largest so far among developing countries announced by india to revive the country s economy which has been severely hit by the coronavirus triggered lockdown. India s real estate sector emerged among the big beneficiaries when finance minister nirmala sitharaman on may 13 2020 began announcing the details of the rs 20 lakh crore stimulus package launched by the prime minister a day earlier to counter the adverse impact of the novel coronavirus on india s economy.

India announced an economic stimulus package worth 1 7 trillion rupees 22 5 billion on thursday.