Modi announces $260 billion coronavirus rescue package for India - News Summed Up

Modi announces $260 billion coronavirus rescue package for India


Modi has been under intensifying pressure to announce a rescue package. Migrant labourers were among the people who would be helped by the stimulus plan, Modi said. “It’s overdue as the economic impact on India is going to be quite severe,” said Arvind Subramanian, a former economic adviser to the Indian government. India has reported around 70,000 coronavirus infections and 2,300 deaths. For a country of 1.3 billion people, that is a far lower infection rate per capita than many richer countries.


Source: bd News24 May 12, 2020 20:26 UTC



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