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Year-ender: 2020 is a year of stimulus to revive COVID-hit economy

Updated Dec 17, 2020 | 10:54 IST Finance Minister Nirmala Sitharaman said the total monetary and fiscal support provided to the economy in its battle against COVID-19 comes to Rs 29,87,641 crore, roughly 15% of the country s GDP. Representational image  Key Highlights The year 2020 was an unprecendated year when it comes to the government s response to revive the COVID-hit economy. The Modi Govt announced packages worth nearly Rs 30 lakh crore, nearly 15% of India s GDP, to revive the economy. As part of the Rs 1.70 lakh crore Pradhan Mantri Garib Kalyan Package, Centre gave free food grains and cash payment to women and poor, senior citizens and farmers.

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