Fresh support of only Rs 12-13 lakh cr in PM Modi's economic stimulus: Report

Modi outlined a Rs 20-lakh-crore which is 9.7 per cent of GDP support package, of which new allocations could only be 50-60 per cent of the offer. But until more details are known, financing burden will fall on the bond markets, Radhika Rao, the economist at Singaporean lender DBS Bank said in a note on Wednesday.

from Economy-News-Economic Times https://ift.tt/2ApKERp