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Last Updated : May 16, 2020 12:19 PM IST | Source: Moneycontrol.com

In pics | COVID-19 relief package: Check how much India is spending versus China, US and others

India has offered Rs 20 lakh crore package to counter the economic impact of COVID-19. But is this the highest any affected country has spent so far? See where India ranks in terms of spending as percent of GDP

On May 12, Prime Minister Narendra Modi announced a mega Rs 20 lakh crore stimulus package to help the country’s economy tide over the ongoing coronavirus crisis. The package, estimated to be around 10 percent of India’s GDP, is the fifth-most substantial in the world as per the data by Ceyhun Elgin, an economics professor at Columbia University. Here is the list of top 10 countries based on the stimulus package announced to help revive the economy, as on May 10. (Image: Twitter/@narendramodi)
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On May 12, Prime Minister Narendra Modi announced a mega Rs 20 lakh crore stimulus package to help the country’s economy tide over the ongoing coronavirus crisis. The package, estimated to be around 10 percent of India’s GDP, is the fifth-most substantial in the world as per the data by Ceyhun Elgin, an economics professor at Columbia University. Here is the list of top 10 countries based on the stimulus package announced to help revive the economy, as on May 10. (Image: Twitter/@narendramodi)

No 1 | Japan | Stimulus package as a share of GDP: 21.1 percent | Total number of COVID cases: 15,968 | Total deaths: 657. (Image: Reuters)
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No 1 | Japan | Stimulus package as a share of GDP: 21.1 percent | GDP 2019: $5,154.48 billion | Total number of COVID cases: 15,968 | Total deaths: 657. (Image: Reuters)

No 2 | United States | Stimulus package as a share of GDP: 13 percent | Total number of COVID cases: 14,08,636 | Total deaths: 83,425 (Image: Reuters)
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No 2 | United States | Stimulus package as a share of GDP: 13 percent | GDP 2019: $21,439.45 billion | Total number of COVID cases: 14,08,636 | Total deaths: 83,425 (Image: Reuters)

No 3 | Sweden | Stimulus package as a share of GDP: 12 percent | Total number of COVID cases: 27,272 | Total deaths: 3,313 (Image: Reuters)
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No 3 | Sweden | Stimulus package as a share of GDP: 12 percent | GDP 2019: $575 billion | Total number of COVID cases: 27,272 | Total deaths: 3,313 (Image: Reuters)

No 4 | Germany | Stimulus package as a share of GDP: 10.7 percent | Total number of COVID cases: 1,73,273 | Total deaths: 7,754 (Image: Reuters)
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No 4 | Germany | Stimulus package as a share of GDP: 10.7 percent | GDP 2019: $3,863.34 billion | Total number of COVID cases: 1,73,273 | Total deaths: 7,754 (Image: Reuters)

No 5 | India | Stimulus package as a share of GDP: Almost 10 percent | Total number of COVID cases: 74,925 | Total deaths: 2,436 (Image: Reuters)
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No 5 | India | Stimulus package as a share of GDP: Almost 10 percent | GDP 2019: $2,935.57 billion | Total number of COVID cases: 74,925 | Total deaths: 2,436 (Image: Reuters)

No 6 | France | Stimulus package as a share of GDP: 9.3 percent | Total number of COVID cases: 1,78,225 | Total deaths: 26,991 (Image: Reuters)
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No 6 | France | Stimulus package as a share of GDP: 9.3 percent | GDP 2019: $2,707.07 billion | Total number of COVID cases: 1,78,225 | Total deaths: 26,991 (Image: Reuters)

No 7 | Spain | Stimulus package as a share of GDP: 7.3 percent | Total number of COVID cases: 2,69,520 | Total deaths: 26,920 (Image: Reuters)
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No 7 | Spain | Stimulus package as a share of GDP: 7.3 percent | GDP 2019: $1,397.87 billion | Total number of COVID cases: 2,69,520 | Total deaths: 26,920 (Image: Reuters)

No 8 | Italy | Stimulus package: as a share of GDP: 5.7 percent | Total number of COVID cases: 2,21,216 | Total deaths: 30,911 (Image: Reuters)
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No 8 | Italy | Stimulus package: as a share of GDP: 5.7 percent | GDP 2019: $1,988.64 billion | Total number of COVID cases: 2,21,216 | Total deaths: 30,911 (Image: Reuters)

No 9 | United Kingdom | Stimulus package as a share of GDP: 5 percent | Total number of COVID cases: 2,26,463 | Total deaths: 32,692 (Image: Reuters)
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No 9 | United Kingdom | Stimulus package as a share of GDP: 5 percent | GDP 2019: $2,743.59 billion | Total number of COVID cases: 2,26,463 | Total deaths: 32,692 (Image: Reuters)

No 10 | China | Stimulus package as a share of GDP: 3.8 percent | Total number of COVID cases: 82,926 | Total deaths: 4,633 (Image: Reuters)
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No 10 | China | Stimulus package as a share of GDP: 3.8 percent | GDP 2019: $14,140.16 billion | Total number of COVID cases: 82,926 | Total deaths: 4,633 (Image: Reuters)

First Published on May 14, 2020 08:57 am
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