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With Rs 20-trn package, govt determined to deliver relief to the needy

There are two points of interest in this package - the form it will take, and hence, how it will be distributed over different constituents and the implementation

Madan Sabnavis, chief economist, CARE Ratings (Photo: PHOTO CREDIT: Kamlesh Pednekar)
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Madan Sabnavis (Photo: PHOTO CREDIT: Kamlesh Pednekar)

Madan Sabnavis Mumbai
The Prime Minister’s speech on Tuesday has been quite inspiring, as there is a clear number provided for an economic relief package of 10 per cent of gross domestic product (GDP), which is around Rs 20 trillion. It has also been stated that this will cover all people including migrants, farmers, small and medium enterprises (SMEs), middle class, and one assumes some industrial sectors also. The details will be keenly awaited.

There are two points of interest in this package. The first is the form which it will take, and hence, how it will be distributed over different constituents that are