Calibrated response to Covid leaves room for more fiscal measures: Survey

Government of India and Reserve Bank of India (RBI) together announced a total stimulus worth Rs 29.87 trillion, which is 15 per cent of national GDP, the Survey said

The government's calibrated fiscal response in reviving economic growth hit by the outbreak of COVID-19 pandemic leaves India with a greater elbow room to deploy fiscal resources in the future, the Economic Survey said on Friday. In order to facilitate a resilient recovery of the economy from the impact of COVID-19 pandemic and the following lockdown, Government of India and Reserve Bank of India (RBI) together announced a total stimulus worth Rs 29.87 lakh crore, which is 15 per cent of national GDP.
 

Out of this, stimulus worth 9 per cent of GDP has been provided by the government under