India PM announces $270 bn virus economic package
International Desk Published: 12 May 2020, 09:53 PM
India’s Prime Minister Narendra Modi announced Tuesday a $270 billion economic package to boost flagging growth as the country grapples with the impact of the coronavirus pandemic and weeks-long lockdown.
“This economic package is for India’s self reliant movement. It is for the cottage, small and medium scale industries,” Modi said in a national television address, reports AFP.
The package — worth about 10 percent of India’s GDP — came as the country was set to mark its 50th day in lockdown as the number of virus cases topped 70,000 with 2,200 deaths.
