Economics

Modi Pledges $265 Billion Aid to Revive India’s Economy

Modi says stimulus will include measures already unveiled
Stocks in India Soar After Modi’s spending announcement

A vehicle travels on an empty street in the Marine Drive area during a coronavirus lockdown in Mumbai.Photographer: Dhiraj Singh/Bloomberg

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By Vrishti Beniwal

May 12, 2020 at 2:54 PM UTC

Updated on

May 13, 2020 at 5:14 AM UTC

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Indian Prime Minister Narendra Modi said his government will spend a total of 20 trillion rupees ($265 billion) to help Asia’s third-largest economy weather the fallout of the coronavirus pandemic.