Home / Economy / News / Govt plans fresh round of $20-billion economic stimulus this week: Report

Govt plans fresh round of $20-billion economic stimulus this week: Report

Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman and other top officials will finalise the plan on Thursday

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That package also left out badly hit sectors such as tourism, hospitality and aviation

Reuters New Delhi

2 min read Last Updated : Nov 11 2020 | 7:31 PM IST

India is planning to announce a fresh round of stimulus totalling about $20 billion this week to help pull the economy out of its historic contraction, government officials said on Wednesday.

The package would follow Wednesday's earlier announcement of production-linked incentives worth about $27 billion over five years for manufacturers in 10 sectors.

Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman and other top officials will finalise the plan on Thursday, said the sources, who asked not to be named.

The sources did not provide details of the package besides saying that it would be targeted towards stressed sectors with a focus on

Topics : Nirmala Sitharaman Economic stimulus Indian Economy Narendra Modi

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