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More fiscal stimulus measures necessary in India to fight Covid-19: S&P

India city Mumbai covid-19 pandemic economy Government
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MUMBAI : Global ratings agency S&P on Tuesday said additional financial stimulus is “necessary" in India to fight the COVID-19 pandemic, despite the country's weak fiscal position.

The stimulus is necessary to support the vulnerable segments of the society and also to prevent additional structural damage to the economy amid the lockdown which has suddenly stopped the business activity, S&P said in a report.

In March, the government announced a ₹1.7 lakh crore relief package focusing on providing food security to the poor and providing money in their hands to fight COVID-19.

Many industry watchers have said the package was too less, while some have backed the Centre for not front-loading the package, saying the longevity of the pandemic is

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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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