FROM THE EDITOR-IN-CHIEF
May 16, 2020
4 minutes
(Aroon Purie)
Illustration by NILANJAN DAS
After 48 days of lockdown, Prime Minister Narendra Modi announced a much-awaited stimulus package on May 12. As part of it, he offered an economic stimulus of Rs 20 lakh crore ($266 billion), or 10 per cent of India’s GDP, among the highest in the world. It is in keeping with the revival packages announced by major economies—the $2.2 trillion dollar lifeline by the US, which is 13 per cent of its economy, or Japan’s $1 trillion, which is 21 per cent of its economy. However, India’s package included the Rs 1.7 lakh crore stimulus announced by
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