In a national address Tuesday, Indian Prime Minister Narendra Modi announced an additional financial package to help India’s ailing economy during the coronavirus outbreak.
Modi said the new stimulus package, along with previous measures taken by the Indian government, would account for about $266 billion, which is around 10% of the country’s GDP.
“This package will work to bring about a self-reliant India,” Modi said. He did not release any further details on the package. He also announced that phase four of the lockdown, which is due to begin on May 18, will start with a different set of instructions and measures in place. The Indian government had extended the nationwide lockdown, with some ease in the restrictions till May 17. New changes for the coming phase will be announced in the next few days, said Modi.
“Scientists say that coronavirus will remain a part of our lives for a long time, but our lives cannot revolve around coronavirus. We will wear masks, maintain social distancing but we will not lose sight of our goals,” he said.We have to save ourselves and also move forward. Today as the world is in trouble, we have to strengthen our resolve, he said. “I have full faith that following all the rules, we will fight coronavirus and move ahead as well,” added Modi.
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