Future actions to stimulate economy will depend on how COVID crisis pans out: FM Nirmala Sitharaman

Future actions to stimulate economy will depend on how COVID crisis pans out: FM Nirmala Sitharaman

A day after the RBI projected economic contraction in 2020-21, Finance Minister Nirmala Sitharaman on Saturday said future fiscal policy actions to stimulate the economy will depend on how COVID-19 pandemic pans out. The government has already announced a Rs 20.97 lakh crore economic package, which includes Reserve Bank's Rs 8.01 lakh crore worth of liquidity measures till May 17. Sitharaman said making a "realistic assessment" of economic growth would be difficult at this point of time as there is no clarity on when the pandemic would retreat.

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