India’s biggest-ever economic stimulus, dubbed as ‘Atma Nirbhar Bharat Abhiyan’, adds up to Rs 20,00,000 crore, which would be roughly 10 percent of India's GDP. Analysts expect the package to include loan waivers for MSMEs, increased spending, GST rate cuts, and credit guarantees to incentivise lending to MSMEs.
At $266 billion, the stimulus value in dollar terms is higher than the GDP of 149 countries such as Vietnam, Portugal, Greece, New Zealand, and Romania. It almost equals Pakistan's annual GDP of $284 billion.
At $266 billion, the stimulus value in dollar terms is higher than the GDP of 149 countries such as Vietnam, Portugal, Greece, New Zealand, and Romania. It almost equals Pakistan's annual GDP of $284 billion.
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