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Covid-19: All eyes on stimulus package as PM Modi extends lockdown till 3 May

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With forecasters slashing India’s FY21 growth estimates amid soaring joblessness, a calibrated exit from lockdown and fiscal stimulus is the only hope NEW DELHI : Prime Minister Narendra Modi extended sweeping nationwide curbs till 3 May to control the coronavirus outbreak, amid growing demand that the government swiftly announce a stimulus package to cushion the devastating economic impact of the lockdown on companies and people.

The government is also considering the benefits of partially resuming economic activity, including opening up certain sectors starting 20 April, to ease the hardships of daily wagers, farmers and small businesses.

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