Atmanirbhar Bharat Abhiyaan VS Economic Package of Other Countries for Coronavirus Stimulus

Updated on 16 May 2020

By Navita Rana

7 min read 1 views

Updated on 16 May 2020

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Atmanirbhar Bharat Abhiyaan economic package announced by PM Modi to revive Indian Economy. Know difference between COVID-19 Relief Economic Packages announced by India & Other Countries. The 20 lakh crore package is valued 10% of India's GDP in 2019-20.

India's Atmanirbhar Bharat Abhiyaan has already gained momentum by being one among the largest Coronavirus Stimulus Packages announced by various nations to fight COVID-19 pandemic economically. This 20 lakh crore worth package is valued 10% of India's GDP 2019-20 and is aimed at making India self-reliant in all aspects. Majorly all the countries across the world have announced their respective economic packages to tide over current situation of COVID-19 crisis including the US, Japan, Germany, and others.

PM Modi's Atmanirbhar Bharat Abhiyan ranks behind the stimulus packages announced by the US, Japan, Sweden, Australia and Germany in terms of spending percentage of the GDP. However, in terms of the value, India's package ranks at 19th position. Smaller economies such as Belgium and Luxembourg have spent fifth of their GDP at 20.7% and 19.2%, respectively.

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