India announced an economic stimulus package worth 1.7trn rupees ($22.6bn) on Thursday, designed to help millions of low-income households cope with a 21-day lockdown due to the coronavirus outbreak. The stimulus plan will be released through direct cash transfers and food security measures aimed at giving relief to millions of poor. The package will benefit migrant workers, Finance minister Nirmala Sitharaman said in New Delhi. "We have come with a package, which will immediately take care of the concerns, the welfare concerns, of the poor and suffering workers and those who need imm...
To continue reading this article...
Join International Investment
Join International Investment today
Unlock members-only benefits:
- Unlimited access to real-time news, industry insights, video features and market intelligence
- Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
- Receive breaking news stories straight to your inbox in the daily newsletters
- Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
- Members-only access to the Editor’s weekly news roundup newsletter
- Members-only access to analysis via our exclusive industry polls
- Be the first to hear about our events and awards programmes