PREVIOUS
✖
India's Atma nirbhar Bharat Abhiyaan
May 18 , 2020
1573 days
926
0
- India's package is not entirely a government spending.
- The package includes spending of the Reserve Bank of India (RBI).
- It ranks behind the stimulus packages announced by the US, Japan, Sweden, Australia and Germany in terms of spending percentage of the GDP.
- However, in terms of the value, India's package ranks at 19th position.
- Smaller economies such as Belgium and Luxembourg have spent fifth of their GDP at 20.7% and 19.2%, respectively.
- The ranks have been decided after analyzing the data compiled in 'COVID-19 Economic Stimulus Index (CESI)' by economist Ceyhun Elgin.
- Rs 20 lakh crore worth coronavirus stimulus package is higher that the GDP of a few economies such as Greece, New Zealand, Vietnam, Portugal, and Romania.
- India's stimulus value is almost equal to Pakistan's GDP of USD 284 billion.
- The package is the fifth-largest among the G-20 countries in terms of spending in relation to GDP.
Leave a Reply
Your Comment is awaiting moderation.