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Rs 11.2 trn package needed to resurrect economy post-lockdown: Report

Acuite believes that a contraction in GDP in Q1FY21 aside, there is a significant downside risk to the growth estimates of 2-3 per cent for FY21 without the stimulus package

Topics
Coronavirus | Reserve Bank of India RBI | Lockdown

BS Web Team & Agencies  |  New Delhi 



money
With limited fiscal resources with the government, Acuite has suggested that the burden should be shared between the Centre, RBI and the states.

The government will need to pump in a massive Rs 11.2 trillion ($150 billion) into the economy to revive it from the blow dealt by Covid-19 pandemic and subsequent nation-wide lockdowns, Acuite Rating has said in a report.

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First Published: Thu, April 30 2020. 13:06 IST

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