India proposes 573 billion rupee stabilisation fund
Finance Minister Nirmala Sitharaman proposed a 573-billion-rupee fund to shield the economy from global shocks. The plan includes extra fertilizer subsidies.
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The government of India has proposed the establishment of a 573-billion-rupee ($6.20 billion) economic stabilisation fund to mitigate the impact of global headwinds. Finance Minister Nirmala Sitharaman presented the proposal to parliament, explaining that the fund would provide the necessary fiscal headroom to address unexpected economic shocks and supply chain issues.
"The proposed fund will also help the government to respond to unanticipated supply chain disruptions and unexpected shocks to the Indian economy," Sitharaman told lawmakers.
