India: COVID-19 in India - GOI's Economic Package for Self-Reliant India - Food and Agriculture Items

  |   Attaché Report (GAIN)

On May 12, 2020, Prime Minister Narendra Modi announced a special COVID-19 economic relief package of INR 20 trillion ($263 billion), equivalent to almost 10 percent of India’s Gross Domestic Product (GDP). Instead of extending short term fiscal relief to the Indian farm sector, the agricultural portion of the package includes long-term measures to address some critical infrastructure gaps and strengthen credit supplies, and proposes long-pending policy reforms that should, over time, significantly help Indian farmers.

India: COVID-19 in India - GOI's Economic Package for Self-Reliant India - Food and Agriculture Items

 

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