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Finance Ministry plans stimulus package to support economic growth: Report

Ministry working on proposals to bolster the tourism, aviation and hospitality industries, along with small and medium-sized companies.

Indian Middle class, Indian economy
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Photo: Bloomberg

Siddhartha Singh | Bloomberg
India is preparing a stimulus package for sectors worst affected by a deadly coronavirus wave, aiming to support an economy struggling with a slew of localized lockdowns, people familiar with the matter said.

The finance ministry is working on proposals to bolster the tourism, aviation and hospitality industries, along with small and medium-sized companies, the people said, asking not to be identified as the deliberations are private. The discussions are at an early stage and no timeline for an announcement has been decided, they said. A finance ministry spokesman declined to comment.

The latest wave of Covid-19 infections has made