UN welcomes India's COVID-19 stimulus package, slashes growth to 1.2 per cent

The UN has welcomed India's Covid-19 mega-stimulus package, calling the largest among developing countries, even as it slashed its growth rate for this fiscal year to 1.2 per cent. Development Research Branch chief Hamid Rashid said on Wednesday that the stimulus package "is a very welcome development in terms of ten per cent of GDP (gross domestic product), largest so far in developing countries."

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