S&P: India’s fiscal stimulus package real impact at 1% of GDP
|S&P Global Ratings’ Asia-Pacific Chief Economist said on Wednesday, the real impact of India's fiscal stimulus package is at 1% of GDP.
Additional comments
“India faces a 10% permanent hit to its level of GDP.”
“India having a hard time containing the virus, long lockdowns have hurt.”
“India has limited space to address economic problems.”
Market reaction
USD/INR looks to extend the bounce from five-week lows of 74.97 on Wednesday, now adding 0.24% to 75.28.
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