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Modi calls for a self-reliant India, announces Rs 20 lakh crore package

Says emphasis has been given on land, labour and liquidity in the package, which is almost 10% of the country's GDP

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Migrant workers gather outside Dharavi to board a bus that will take them to the railway terminus to board a special train back home, in Mumbai on Tuesday. Pic/AFP

Migrant workers gather outside Dharavi to board a bus that will take them to the railway terminus to board a special train back home, in Mumbai on Tuesday. Pic/AFP

Prime Minister Narendra Modi on Tuesday announced a '20 lakh crore fiscal stimulus to deal with the COVID-19 situation in the country. The package is the second largest in Asia after Japan.

"I announce a special economic package today. This will play an important role in the 'Atmanirbhar Bharat Abhiyan'. The announcements made by the government over COVID, decisions of RBI and today's package totals to '20 lakh crore ($265 billion). This is 10 per cent of India's GDP," the PM said in his address to the nation.

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