View: Relief package is peanuts. India needs to triple it

Forgive my censorious language in castigating the inadequacy of the government’s Rs 1.7 trillion relief package (0.8% of GDP) for those hit by the 21-day lockdown decreed to control the coronavirus. The govt’s measures are mostly in the right direction but hugely inadequate. Many listed reliefs were already part of ongoing welfare measures, so the additional fiscal stimulus may be barely Rs 1 trillion, under 0.5% of GDP.

from News-Economic Times https://ift.tt/2yi5UaD