
Prime Minister Narendra Modi has announced Rs 20 lakh crore relief package for India which is nowadays struggling with corona crisis.
New Delhi: Prime Minister Narendra Modi has announced Rs 20 lakh crore relief package for India which is nowadays struggling with corona crisis.
Narendra Modi PM Modi said that this package is about 10 per cent of India's GDP. But did you know that this package is almost equal to the total GDP of our neighbouring Pakistan.
Yes, Pakistan's total GDP in 2019 was 284 billion dollar. The Atmanirbhar Bharat Abhiyan package is worth 265 billion dollar. Earlier, Pakistan's GDP in 2018 was more than 300 billion dollar.
Now, looking at the situation in Pakistan during the Corona Crisis, it can be said that by 2020, Pakistan's GDP will be less than 200 billion dollar.
PhotoIndia's total GDP is close to 3000 arab dollar. India is now one of the few countries in the world that has announced a major relief package to revive its economy.
If we look at the other countries that have spent the most in the world, Japan accounts for 21.1 percent of GDP, United States 13 percent of GDP, Sweden 12 percent of GDP and Germany 10.7 percent of the country's GDP.
The government first announced Rs 1.70 lakh crore in March. Then came the Rs 1 lakh crore package in April. Now, a package of Rs 17.30 lakh crore has been announced in May. The Government of India's Atmanirbhar Bharat Abhiyan package emphasizes on land, labour, liquids and laws.
PhotoPrime Minister Modi said that this economic package is for our cottage industries, small and medium enterprises, MSMEs. They are the livelihood of millions of people.
This economic package is for the hardworking farmers of the country who work hard day and night for the people of the country in all seasons.
This economic package is for the middle class of our country, who contribute to the development of the country by paying honest taxes which help in boosting India's economic growth.