Indian Prime Minister Narendra Modi has announced that his country will support the economy with 20 trillion rupees ($ 266 billion) to combat the Corona Virus. According to Reuters, India has recorded more than 70,000 HIV infections among its 1.3 billion population and it is expected that China will override the origin of the pandemic within a week. < / p> Moody said that strict orders to stay at home will be extended beyond May 17 with a new set of rules. In a speech to the people, Moody said that the stimulus package is equivalent to 10 percent of India's gross domestic product and targets scores of people who have lost their jobs and companies that Suffering from prolonged closure. In March, the government announced that it was providing about 1.7 trillion rupees ($ 2.6 billion) in direct cash transfers and food security measures primarily intended for the poor, but it was accused of Wide that she does very little. Moody said that details of the new package will be published in a matter of days.
Economists said the new measures include provisions announced in March, as well as liquidity measures worth 6.5 trillion rupees announced by the central bank. India last week increased its borrowing program for this year to 12 trillion rupees from 7.8 trillion to finance some of the expenses.
