Narendra Modi, India’s prime minister, has announced plans for a $266bn stimulus package to help the country’s stalled economy recover from the lockdown imposed to slow the spread of coronavirus.
In a television address on Tuesday, the prime minister said India had to seize the opportunity presented by the pandemic to overhaul its economy, undertake “bold reforms” and ensure this would be “India’s century”.
The package is equivalent to about 10 per cent of India’s gross domestic product. “Coronavirus is going to be part of our lives for a long time, but we can’t let our lives revolve around it,” he said.
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