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Indian Fiscal Policy affects under lockdown in the new F. Y. 2020-21

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Neha Garg
Indian Fiscal Policy affects under lockdown in the new F. Y. 2020-21

https://fundsinstructor.com/indian-fiscal-policy-affects-under-lockdown-in-the-new-f-y-2020-21/

The whole world is under pressure to fight with the worldwide big problem called COVID-19.

Under the situation, Prime Minister Narender Modi take a difficult step and announced a 21 days lockdown in India from 25th March to stop the spreading pandemic of corona-virus.

The corona-virus affect economy and Indian Finance Minister Nirmala Sitharam has already declared a COVID-19 relief package of ₹1.7 lakh crore and may be planning more to support the Indian economy in the global recession. According to Fitch Solutions to the announcement encouragement package to the economy due to COVID-19, the Indian Government’s fiscal deficit may shoot up to 6.2% of GDP from 3.5% in the current year.

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Neha Garg
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