NEW DELHI : The stimulus package for the industry hit by a lockdown of more than a month when economic activity has ground to a halt is expected to be announced soon.
The package has been in the works for a while and top government officials have indicated that rather than one big package, the government is rolling out packages specifically targeted at important constituencies.
Acuite Ratings estimates that the government should opt for a stimulus package of ₹11.2 lakh crore ($150 billion), the economic loss that is already set to be recorded for the current lockdown period and that will tantamount to 4.8 per cent of FY20 GDP.