Letter to BS: The Rs 20 trn stimulus package is a big disappointment

The actual and immediate fiscal outgo works out to just around 1% of GDP

When Prime Minister Narendra Modi announced a Rs 20-trillion economic stimulus package pitching for a self-reliant India in his fifth televised address to the nation after the outbreak of coronovirus in the country, there was a huge expectation that it would herald a new beginning in the country’s economic growth story besides mitigating the economic woes. But his big-bang economic stimulus package, whose finer details were unveiled by the Union finance minister, has come as a big disappointment with several independent economic experts and the Opposition pointing to wide differences between what was promised and what is being delivered. As