Social protection and stimulus packages key to India’s economic recovery, says finance minister


Union Finance and Trade Minister Nirmala Sitharaman said the social welfare and economic stimulus packages put in place by the Indian government, along with timely structural reforms in various sectors, have played a role. central to India’s economic recovery process.

Stimulus packages, including the credit guarantee program for micro-finance institutions, project export incentives through the National Export Insurance Account, additional fertilizer subsidies, free food grains for 800 million people under the Pradhan Mantri Garib Kalyan Yojana and several social protection programs with a strong focus on public health, has helped to efficiently and effectively boost the economy and protect lives and livelihoods livelihoods, especially of poor and vulnerable people.

Powered by Capital Market – Live News




(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear reader,

Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative opinions and incisive commentary on relevant topical issues.
However, we have a request.

As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.

Support quality journalism and subscribe to Business Standard.

digital editor

Joel C. Hicks