Industry acclaims Modi Rs 20 rupee bazooka; what Anand Mahindra, Vijay Shekhar Sharma, others said

In his more than 30-minute speech on Tuesday night, Prime Minister Modi stated the agenda of delivering an economic package and how it will help various sectors of society.

In his fifth speech to the nation during the coronavirus blockade, Prime Minister Narendra Modi announced an economic stimulus of Rs 20 lakh crore to help the country overcome the crisis. The decision was well received by great figures in the industry, such as Anand Mahindra, who praised the Prime Minister’s response to COVID-19. “This was Prime Minister Carpe Diem’s ​​(Seize the Day) speech; an opportunity to change the narrative from ‘Survival’ to ‘Force’. We will know tomorrow whether or not it will be a transformative moment like 1991. What I also believe is that I’m not going to sleep much tonight, “Anand Mahindra, chairman of the Mahindra group, tweeted shortly after Prime Minister Modi’s speech.

CLOCK | PM Modi Rs 20 Rupees Bundle EXPLAINED

Vijay Shekhar Sharma from Paytm also praised the Prime Minister’s efforts to strengthen India during the current crisis and said: “I love how PMOIndia is doing right now, one of the greatest opportunities for India to leap forward!” RPG Enterprises President Harsh Goenka also said the Prime Minister’s announcement will be a booster for the economy as the world grapples with the COVID-19 pandemic. “It is a timely line of life and I am sure it will benefit all sectors of the people and bail out many sectors in distress,” he said.

In his more than 30-minute speech on Tuesday night, Prime Minister Modi stated the agenda of delivering an economic package and how it will help various sectors of society. “Land, work, liquidity and laws are focused on the package and will support India’s home industries, domestic industries, small and medium-sized enterprises (SMEs),” said Prime Minister Narendra Modi. Details of the package will be released by Finance Minister Nirmala Sitharaman in the coming days as the government seeks to make India a self-sufficient economy. With yesterday’s announcement and a few other previous packages launched by the government, India has provided relief of around Rs 20 lakh crore, equivalent to almost 10% of India’s GDP.