Stimulus to cost 0.34% of GDP: Barclays

Measures pegged at 0.34% of GDP

May 15, 2020 11:33 pm | Updated 11:33 pm IST - Mumbai

The actual hit to government finances from the measures announced by Finance Minister Nirmala Sitharaman in the last two days was pegged at ₹66,500 crore, or 0.34% of the GDP, by Barclays.

Aggregating all the measures, Barclays said the government and the Reserve Bank of India (RBI) cumulatively have, so far, announced steps worth over ₹15 lakh crore, leaving ₹4.25 lakh crore worth of announcements remaining to hit the ₹20-lakh crore mark announced by PM Narendra Modi. From an ‘actual fiscal impact’ perspective, the moves announced on Thursday will cost only ₹11,000 crore, the brokerage said, adding it had so far taken a hit of ₹66,500 crore only.

Top News Today


Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.