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Modi govt may announce stimulus package when Covid unlock phase commences: Report

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NEW DELHI : With the world's worst pandemic outbreak scarring nascent economic recovery, the government may at the beginning of the unlock phase announce another stimulus package for the most hit sectors such as small business and self-employed, Bernstein said.The brokerage in a note said its macro index suggests a deterioration in economic activity during April/May."Energy consumption has moderated, with power down over 4% and oil consumption down over 16% in May so far (all 2-year CAGR).

E-waybills are down 16%, suggesting the impact of scale down in factory production for some product categories, owing to the shut down in retail outlets.“This is limiting the ability to scale up production, even as supply chains are not as deeply.

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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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