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Covid-19: CII, Assocham seek fiscal stimulus for economic revival

India covid-19 pandemic economy Government
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Industry lobby groups on Wednesday urged the Union government to announce a bail-out package in the range of ₹$200-$300 billion, along with a host of other incentives for the small and medium enterprises, to revive already hobbling Indian economy from the impact of covid-19.

The negative impact of the pandemic on manufacturing and service industries is expected to hit India’s GDP growth significantly in the current fiscal.

Ratings agency Crisil, in March, sharply cut Indian’s GDP growth forecast for FY21 to 3.5% from 5.2% earlier. In the suggestions submitted to the finance ministry, Confederation of Indian Industry (CII) said that the Centre should consider extending additional working capital limits for corporates backed by a sovereign

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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