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India said to plan COVID-19 economic stimulus package - Bloomberg

India is preparing an economic stimulus package for the sectors worst affected by COVID-19, Bloomberg reported on Tuesday, citing people familiar with the matter.

FILE PHOTO: A view shows empty roads during a 14-hour long curfew to limit the spreading of coronav
FILE PHOTO: A view shows empty roads during a 14-hour long curfew to limit the spreading of coronavirus disease (COVID-19) in the country, in Ahmedabad, India, March 22, 2020. REUTERS/Amit Dave

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REUTERS: India is preparing an economic stimulus package for the sectors worst affected by COVID-19, Bloomberg reported on Tuesday, citing people familiar with the matter.

The finance ministry is working on proposals to bolster the tourism, aviation and hospitality industries, along with small and medium-sized companies, Bloomberg reported.

The discussions were at an early stage and no timeline for an announcement was decided, the report added https://bloom.bg/2Spsic6.

(Reporting by Kanishka Singh in Bengaluru; Editing by Christian Schmollinger)

Source: Reuters