Indian PM announces $270bn Covid-19 economic package - News Summed Up

Indian PM announces $270bn Covid-19 economic package


The package - worth about 10% of India's GDP - came as the country was set to mark its 50th day in the world's biggest lockdown as the number of virus cases topped 70,000 with 2,200 deaths. "This economic package is for India's self-reliant movement. The funding includes a $2 billion relief package announced at the start of the lockdown in late March and stimulus efforts by the central bank, Modi said. The government credits its strict shutdown of almost all activity in the country of 1.3 billion people for limiting the number of virus cases and deaths. It is our duty now to do something for them," the prime minister said.


Source: Dhaka Tribune May 12, 2020 16:30 UTC



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