Indian Economy

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Indian Economy - Understanding the basics of Indian economic system

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In order to facilitate a resilient recovery of the economy from the impact of COVID-19 pandemic and the following lockdown, Government of India and RBI together announced a total stimulus worth _________

9.38 Lakh Crore

15.32 Lakh Crore

21.95 Lakh Crore

29.87 Lakh Crore

Explanation:

In order to facilitate a resilient recovery of the economy from the impact of COVID-19 pandemic and the following lockdown, Government of India and RBI together announced a total stimulus worth Rs. 29.87 lakh crore, which is 15% of national GDP. Out of this, stimulus worth 9% of GDP has been provided by the Government under Atma Nirbhar Bharat Package. This stimulus was provided in the following tranches:

Special economic and comprehensive package, announced from 13-17 May 2020.
Measures to stimulate consumer spending in the economy announced on 12 October 2020.
Measures under Atma Nirbhar Bharat 3.0 announced on 12 November 2020.

By: Rohit Middha

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