INDIA: Covid-19 triggers nationalist economic response

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Hours after Prime Minister Narendra Modi announced a special economic package worth INR 20trn (USD 266bn or 10% of GDP), Finance Minister Nirmala Sitharaman spelled out some details about whom the financial assistance would support. In addition to the fiscal and monetary (liquidity) measures already announced, the focus is on making India more self-sufficient via boosting local manufacturing and supply chains. The plan will cover ‘land, labor, liquidity and laws,’ with infrastructure as a critical pillar. Today’s announcements were valued at around INR 6tn (USD 80bn). Additional details
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I have a new post in the Prime Minister's Time section of my website, analyzing Suga's schedule for the week of 9/20. http://observingjapan.com/2020/09/26/the-week-of-20-september-2020/

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