Tuesday, 12 May 2020

India's prime minister announces huge virus relief package

India's prime minister announces huge virus relief packageIndian Prime Minister Narendra Modi announced Tuesday that the government will spend more than $260 billion, the equivalent of nearly 10% of the country's GDP, on a coronavirus economic relief package designed to make the world's second most populous nation more self-reliant. “The package’s main aim is to build a self-reliant India,” Modi said in a televised speech, adding that it will help the country compete globally. India entered its sixth week of a stringent nationwide lockdown on Tuesday, pushing an economy already enfeebled before the pandemic to the brink of collapse.




from Yahoo News - Latest News & Headlines https://ift.tt/3ct23qi

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