PM Narendra Modi announces Rs 20 lakh crore economic package, says lockdown 4.0 will be different

PM Narendra Modi

PM Narendra ModiPrime Minister Narendra Modi addressed the nation today and announced an economic package of Rs 20 lakh as a stimulus to the Indian economy. This package includes centre’s recent announcements on supporting key industries as well as the measures rolled by the Reserve Bank of India.

In a television address to the nation today, he said that the details of Lockdown 4.0 will be out before May and this time it will be different from the earlier lockdowns.

The third phase of the lockdown ends on May 17.

Talking about the financial package, he said it will be around 10 percent of the GDP and will be addressing the problems pertaining to wide range of sectors as well as difficulties of the migrant workers.

Besides, the prime minister said that India’s goal will be to become a self-reliant, and identified economy and infrastructure as key drivers for it.

The prime minister also talked about upcoming big-ticket economic reforms, adding that the details of the economic package will be given by Finance Minister Nirmala Sitharaman.

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