New Delhi, May 13 — Union Finance Minister Nirmala Sitharaman at 4 pm on Wednesday will share the details of the mega stimulus economic package worth Rs. 20 lakh crore announced by Prime Minister Narendra Modi last night.
During his address to the nation at 8 pm on Tuesday, Modi said the package, which forms the country’s 10 per cent of total Gross Domestic Product (GDP), is targetted for all sections of the society and will focus on land, labour, liquidity and law.Earlier immediately after the commencement of the anti-Covid lockdown 1.0, Sitharaman along with her junior minister Anurag Thakur had unveiled a mega Rs. 1,70,000 crore for poor as well as the health workers who are coined as “frontline warriors”.India is presently going through the a massive, unprecedented anti-Covid-19 lockdown which has jeopardized the country’s economy leading several people to stare at job losses.A recent analysis by Moody’s claimed India’s GDP will become 0 per cent in the current fiscal year while the International Monetary Fund (IMF) has stated the South Asian country will grow at 1.9% recording the highest among the G20 countries even in the pandemic situation.In a ray of hope, the IMF has claimed the country will have a big turnaround in the fiscal year 2021-2022.For any query with respect to this article or any other content requirement, please contact Editor at contentservices@htlive.com
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