India’s Rs 20 lakh crore Atmanirbhar Bharat Abhiyan almost 83% of Pakistan’s annual GDP


New Delhi: Prime Minister Narendra Modi on Tuesday introduced large new monetary mixed stimulus of Rs 20 lakh crore (USD 266 billion) dubbed as Atmanirbhar Bharat Abhiyan (self-reliant India marketing campaign) to revive the COVID-hit financial system which is almost 83 p.c of Pakistan’s annual GDP.

The monetary stimulus will probably be round 10 p.c of the nation’s GDP. In phrases of the greenback conversion of the Atmanirbhar Bharat Abhiyan, the stimulus almost 83 p.c of the annual GDP of Pakistan at USD 320 billion.

Not solely Pakistan, the stimulus worth in greenback phrases is increased than the annual GDP of 149 international locations, a world financial institution GDP indicator exhibits.

Apart from the Reserve Bank of India (RBI) help, the federal government had final month introduced a Rs 1.74 lakh crore to offer advantages to the poor, together with money transfers, Rs 50 lakh insurance coverage cowl and steps to make sure meals safety.

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