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.
Author

Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

















