“India’s economy set to rebound with projected 11% growth, says World Bank report”

In a bid to boost India’s economy, the government has announced a new stimulus package worth Rs 20 lakh crore. This package aims to provide relief to various sectors affected by the COVID-19 pandemic. Prime Minister Narendra Modi addressed the nation, highlighting the importance of self-reliance and announcing a slew of measures to support different segments of the economy. The stimulus package includes liquidity measures, credit lines for small businesses, support for farmers, and structural reforms across sectors. The government has also focused on promoting local manufacturing and reducing dependence on imports. This move is seen as a significant step towards reviving the economy and creating more job opportunities for the country’s workforce. The comprehensive package is expected to provide the much-needed boost to businesses and individuals grappling with the impact of the coronavirus lockdown. It is aimed at mitigating the economic challenges faced by the nation and setting the stage for a quicker recovery post the pandemic. The stimulus package is set to play a crucial role in jumpstarting economic growth and steering India towards a path of self-sufficiency. The government’s proactive measures have been welcomed by various industries and are expected to pave the way for a stronger and more resilient economy in the future.

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