Stimulus Package Of India

Coronavirus stimulus packages in india.

Stimulus package of india. Table of contents hide key provisions in the coronavirus stimulus package. New delhi reuters india announced on thursday a 22 6 billion economic stimulus plan that provides direct cash transfers and food security measures offering relief to millions of poor people. New delhi ap india s finance minister on thursday announced a 35 14 billion package to stimulate the economy by boosting jobs consumer demand manufacturing agriculture and exports hit by the coronavirus pandemic.

The mega rs 20 lakh crore stimulus package announced on tuesday by prime minister narendra modi includes previously announced measures to save the lockdown battered economy and focuses on tax. Prime minister narendra modi on may 12 2020 announced a rs 20 lakh crore stimulus package to support the economy in the aftermath of the coronavirus crisis. 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.

Second india stimulus package to be worth about 13 billion. India s package includes previously announced measures and also monetary stimulus making the actual fiscal impact of the additional stimulus only about 1 of gdp according to our estimates the report said.