Personal Opinion on the mega Rs 20 lakh crore package announced by Hournable PM Modi

Updated: Jul 15, 2020

What I understand as a Student of commerce that this pandemic has a huge impact on our economic system of India as well as countries all around the world and now the government is offering COVID19 relief package so that the economy gets back on track sooner. The mega Rs 20 lakh crore package announced by PM Modi includes previously announced measures to save the lockdown-battered economy and focuses on tax breaks for small businesses as well as incentives for domestic manufacturing. The combined package works out to roughly 10 per cent of the GDP and moto for this package is to make India self-reliant. According to me, this mega packed should be used efficiently and effectively to cope up with the current situation because sooner the economy gets back to track the sooner poor people get employed and also benefits India by grabbing new opportunities in the manufacturing factor which we can see from China as we all are aware there are many manufacturing companies which are discussing to move out from china due to the USA and China controversial talk about COVID19.

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