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Where Modi's Package Stands Compared To Other Nations?
By: Tupaki Desk | 13 May 2020 5:50 AM GMT
Prime Minister Narendra Modi addressed the countrymen yesterday at 8 pm and announced Rs 20 lakh crore special economic package which translates to 10 % of India's Gross Domestic Product(GDP).
In his speech, Mr. Modi went on to say that the world is looking at India and in the coming days, all the services will be technology-oriented. The Economic package was named 'Atmanirbhar Bharat Abhiyaan' and Union finance Minister Nirmala Sitharaman will provide more details on the package.
Narendra Modi went on to say that the existing lockdown will be extended and will enter the fourth phase which will dub as Lockdown 4.0 and the lockdown will possess new rules and regulations.
The economic package announced by Narendra Modi drew many comparisons with other nations and the packages announced by the respective nations in this regard. Looking at other countries, India's package is just below America, Spain, and Singapore.
America announced a package which is 14 of it's GDP, while Spain and Singapore announced a package of 12 of GDP. While Germany tops the list with 60% of the country's GDP.
In his speech, Mr. Modi went on to say that the world is looking at India and in the coming days, all the services will be technology-oriented. The Economic package was named 'Atmanirbhar Bharat Abhiyaan' and Union finance Minister Nirmala Sitharaman will provide more details on the package.
Narendra Modi went on to say that the existing lockdown will be extended and will enter the fourth phase which will dub as Lockdown 4.0 and the lockdown will possess new rules and regulations.
The economic package announced by Narendra Modi drew many comparisons with other nations and the packages announced by the respective nations in this regard. Looking at other countries, India's package is just below America, Spain, and Singapore.
America announced a package which is 14 of it's GDP, while Spain and Singapore announced a package of 12 of GDP. While Germany tops the list with 60% of the country's GDP.
