India stimulus package: Modi stimulus equals Pak’s GDP, 5 times Ambani’s wealth, 17% of total BSE limit

NEW DELHI: The largest economic stimulus in India’s history, dubbed “Atma Nirbhar Bharat Abhiyan”, totals Rs 20.00 billion rupees, which would be approximately 10 percent of India’s GDP. Analysts expect the package to include MSME loan exemptions, increased spending, GST rate cuts, and credit guarantees to incentivize loans to MSMEs.

This is what the package looks like in numbers.

Equal to Pakistan’s GDP: With a value of $ 266 billion, the value of the stimulus in dollars is higher than the GDP of 149 countries such as Vietnam, Portugal, Greece, New Zealand and Romania. It almost equals Pakistan’s annual GDP of $ 284 billion.

Double the wealth of the top 10 billionaires: According to the Bloomberg Billionaire Index, the 10 richest Indians have fortunes valued at $ 147 billion as of the latest closing prices. The stimulus announced by Prime Minister Narendra Modi is 1.8 times greater than that. The amount of encouragement is five times Mukesh Ambani’s personal wealth.

Equals JPMorgan’s m-caps, MasterCard: The mega-stimulus package announced by India equates to individual market limits for JPMorgan Chase and Mastercard, two global giants. Other global companies such as Intel, Verizon, Coca Cola and Pfizer have lower market values ​​than the Indian package.

17% of the market value of BSE: The stimulus of Rs 20,00,000 crore is equivalent to approximately 17 percent of the market value of all the shares listed on EEB. BSE’s total market capitalization stood at Rs 121 lakh crore at the end of the session on Tuesday.

A third of the drop in stocks from January to March: The stimulus is roughly more than a third of the erosion of rupee wealth from the 58 rupee rupee that BSE-listed stocks saw between January 17 and March 23, when benchmarks reached their highest points. low.

10 times India’s divestment target: The package is worth almost 10 times India’s aggressive divestment target of Rs 2.1 lakh crore for fiscal year 21. The revised government divestment target for fiscal year 2014 was Rs 65 billion.

Doubles the size of India’s largest listed company: The package is worth twice the business value of India’s most valued company, Reliance Industries. At Tuesday’s closing price, Reliance Industries was worth Rs 9.88.946 crore.