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ARTICLE · 06 JUNE 2020

10 Key Takeaways From INR 20 Lakh Crore Economic Relief Package

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Under the scheme banks will be allowed to invest, through both primary and secondary market transactions.

IndiaStrategy
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In a speech that echoed and amplified PM Modi's 'Atmanirbhar Bharat' (Resilient India) approach, India's Union Finance Minister (FM) on Wednesday announced a slew of measures to help businesses recover from impact of Covid-19 outbreak. These measures, when included with the earlier steps announced by finance minister and Reserve Bank of India, will be worth INR 20 lakh crore, which amounts to approximately 10% of the country's GDP and immediately positions this as one of the most substantial stimulus packages globally.

With a distinct focus on land, labour, liquidity and laws, the self-reliant strategy depends on five pillars - growing a new economy, creating a state-of-the-art infrastructure, setting up a technology-based delivery system, leveraging the young demography and exploiting domestic demand.

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