Heavily growing of this virulent situation, India has now entered the stage 4 of lock down where it declares 20 trillion rupee ($264bn; £216bn), equivalent to 10% of India’s gross domestic product, as an economic package to help the country pass the corona virus lockdown.
Prime Minister, Narender Modi, asserted, the measures taken would support labors, farmers, middle class, cottage industry, industries and small businesses. The package will definitely help jobless and businesses that have been adversely affected by the lockdown.
The lockdown had serious impact on India’s economic. There were ten million poor Indians and workers struggling due to it. India said the budget of 1.7 trillion rupees in cash would be straight transferred for the food and security measures to poor ones but it was not enough. And the situation hit them hardest.
In 1.3 billion population, India has crossed 74,200 virus infected cases. If the spread continues it is expected to cross the China’s infected cases in a span of week.
The lockdown started since 25th march and is expected to continue beyond 17th May with new set of rules.