Stimulus Package Details India

The fiscal package aims to build an india based on self reliance as the country enters the fourth phase of the lockdown starting 18 may.

Stimulus package details india. If we compare india s stimulus package with that of other developing countries with similar per capita gdp the indian response to covid 19 seems to be very large as a percentage of gdp as well as areas it covers. The stimulus package would provide about 117 billion for hospitals according to an estimate from the american hospital association which called it an important first step. Indian prime minister announced the size of the stimulus package as rs.

At as much as 10 of gdp the big stimulus package did not appear to leave any major sphere untouched. The figure of rs 20 lakh crore is also very similar. While breaking up the stimulus package figures sitharaman.

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. Individuals making up to 75 000 a year will receive a payment of 600 while couples making up to 150 000 will receive 1 200 in addition to 600 per child. 20 lakh crores close to 10 per cent of the indian gdp on may 12 2020.

Across the world country stimulus responses vary from 1 per cent to 12 per cent of gdp as of now. Over five consecutive days of interaction with the country s financial media fm nirmala sitharaman provided the break up of pm modi s rs 20 lakh crore covid stimulus for india. The deal also makes the stimulus.

A report by moneycontrol stated that the central government at present is working on this stimulus package which will be the fourth set of measures since the outbreak of coronavirus in march.