Coronavirus update: Modi govt explores spending boost to contain COVID-19 fallout
- Apart from an increase in government’s spending, the RBI could also exercise options ranging from interest rate cuts to boosting liquidity
- The Modi government will suspend most visas starting Friday in a bid to contain the epidemic as India currently has 73 confirmed cases
NEW DELHI : Prime Minister Narendra Modi’s administration is exploring options to shield India’s economy from the global outbreak of coronavirus as it attempts to shore up an economy that’s expanding at the slowest pace in 11 years, people with the knowledge of the matter said.
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