PM Modi announces Rs 20-trn economic package as India fights coronavirus

Modi said a final decision on extending the lockdown will be announced before May 18. "In Lockdown 4.0, we will follow norms, fight Covid-19 and move ahead," he said

Prime Minister Narendra Modi on Tuesday announced a Rs 20-trillion economic package to “make India self-reliant” and ready to "own the twentieth century".

"The economic package will focus on land, labour, liquidity, and law. It will help small businesses, migrants, farmers," said Modi in a televised address to the nation, a day after he told chief ministers of various states that the lockdown must be lifted gradually.

The package is aimed at undoing the devastating impact of the nationwide lockdown, first enforced on March 24 to contain the spread of coronavirus. Finance Minister Nirmala Sitharaman will announce details of the special economic