And how does India compare with other countries in government support during covid-19?
Atmanirbhar Bharat: Here's a complete list of reforms announced by Finance Minister Nirmala Sitharaman to reduce the impact of the coronavirus pandemic and the resultant lockdown on the Indian economy.
Moneycontrol had reported on April 23 that Prime Minister Narendra Modi is expected to meet finance ministry officials soon to take stock of the economic situation
Prime Minister Shinzo Abe announced the 13 trillion yen ($119.66 billion) package on Thursday, the size of which had been reported previously. The government is expected to announce further details of the package later in the day after the cabinet has approved it.
Willem Buiter of Citi feels the emerging markets are unlikely to falter as the momentum in the emerging markets steadily pick up pace in 2017. For instance, he says the worst performers of last year, Russia and Brazil, are showing various positive signs.
A crisis in EMs could develop as early as this year, Atul Lele, CIO of Deltec International Group, told CNBC on Wednesday, citing a mix of declining USD liquidity and falling commodity prices.
Disappointed over poor performance of industrial production, Planning Commission Deputy Chairman Montek Singh Ahluwalia today said solution lies in demand generation through effective project execution and not by a stimulus.