Self-reliant India: What will be India’s fiscal response to COVID-19?

The pandemic is transforming India’s economy, with many of the jobs that have been eliminated unlikely to return, writes KPMG India’s Hitesh D. Gajaria.

India’s Prime Minister Narendra Modi first introduced the concept of 'Atmanirbhar Bharat Abhiyan' or 'Self-Reliant India Mission' earlier this year, as he announced the Government’s response to COVID-19.As interpreted by other Ministers of the Government since, the policy “does not mean cutting off from rest of the world" but rather translates to India “being a bigger and more important part of the global economy."India’s ’Atmanirbhar’ package being largely liquidity focused, had little burde...

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Authors: Hitesh D. Gajaria

Published Date: 31 July 2020