India Announces $40 Billion Emergency Fiscal Injection As Economy Plunges
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India Announces $40 Billion Emergency Fiscal Injection As Economy Plunges

India's economy is rapidly decelerating and could be headed for a financial crisis.

As an emergency response to plunging growth rates and falling energy consumption, along with a manufacturing hub grinding to a halt, the government has just announced a massive $40 billion fiscal injection in its budget for 2020/21 to prevent a hard landing, reported Reuters.

Emergency fiscal measures by government are...

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