Economic stimulus packages are financial measures undertaken by governments and central banks to boost economic activity during downturns. The COVID-19 pandemic caused a severe economic shock, necessitating significant policy interventions.
In order to recover the economy from impact of COVID-19 pandemic, Government of India and RBI together announced a stimulus worth ₹ 29.87 lakh crore, which is - (1) 15 percent of GDP (2) 10 percent of GDP (3) 12 percent of GDP (4) 20 percent of GDP
Asked in Head Master Praveshika School (Sanskrit Edu.) 2021 · Topic: Fiscal Policy & Revenue (Role of Fiscal Policy in Economic Stabilization and Growth)
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