Georgieva said the steps taken by the Modi government on the monetary policy and the fiscal policy side is commendable. It is actually slightly above the average for emerging markets, she added.
The Finance Minister Nirmala Sitharamana announced 12 new measures under the new Atmanirbhar Bharat 3.0 stimulus package to boost the Indian economy amid the ongoing coronavirus pandemic.
Besides encouraging Automobiles sales figures, GST mop up for the month of October, has for the first time touch the Rs 1 lakh crore mark, 10 per cent rise as compared to October 2019 collections
Doesn’t it also predict that India will see a GDP growth of 8.8% next year, making us the world’s fastest growing economy and India will easily pull ahead of Bangladesh in per capita GDP next year?
Finance Minister Nirmala Sitharaman said that the Centre will provide Rs 10,000 special festival advance to its employees to stimulate demand in the economy.