India Unveils $22.6 Billion Stimulus Plan to Ease Virus Pain
- Measures include cash transfers and food security steps
- Government will think of more measures, Sitharaman says
A pedestrian walks along a near-empty road during a lockdown imposed due to the coronavirus in Mumbai on March 25.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
India announced a 1.7 trillion rupee ($22.6 billion) spending plan as part of measures to ease the economic impact of coronavirus pandemic on the poor in the world’s most populated nation after China.
The plan will include cash transfers as well as steps on food security, Finance Minister Nirmala Sitharaman said in New Delhi Thursday. The package will benefit migrant workers, she said.