Indian PM Modi announces $266 billion economic package after coronavirus hit

Published On: May 12, 2020 09:34 PM NPT By: Reuters

NEW DELHI, May 12: Indian Prime Minister Narendra Modi announced a 20 trillion rupee ($266 billion) support package for India’s economy on Tuesday to help mitigate the damage caused by the novel coronavirus and the lockdown it has triggered.

Finance Minister Nirmala Sitharaman will announce further details on the package, equivalent to around 10 percent of India’s GDP, in the coming days, Modi said in an address to the nation.

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