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India draws 250 billion euro stimulus package

2020-05-13T17:18:23.956Z

The authorities want to take advantage of the distrust of China to attract foreign investment.



New Delhi

Bleed white by the crisis, employers and poor Indians had been calling for help for over a month. On Tuesday evening, Prime Minister Narendra Modi announced the long-awaited recovery plan: 250 billion euros, or 10% of GDP, will be released to counter the recession. It was time. The containment which has lasted since March 25 paralyzes most of the companies despite the relaxation of restrictions decreed on April 20. The unemployment rate reached 24% last week according to the CMIE, a statistical institute of Bombay.

" The plan will give new impetus to development in 2020 and will set the country on the path to self-sufficiency, " said the head of government who has hammered out his ambition to make the 21st century that of India. The strategy for achieving this will follow two axes.

First there will be short-term aid for businesses and precarious workers. And in the long term, the strongman of the ultranationalist Hindu right

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Source: lefigaro

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