India Stimulus Package: Stimulus modi is equal to GDP sir, Ambani wealth is 5 times, 17% of the total BSE m-cap | Instant News


7NEW DELHI: India’s largest economic stimulus, nicknamed ‘Atma Nirbhar Bharat Abhiyan‘, Adding up to Rs 20,00,000 crore, which would be around 10 percent of India’s GDP. Analysts estimate the package includes lending relief for MSMEs, increased spending, cuts in GST interest rates and credit guarantees to encourage lending to MSMEs.

What does this package look like in numbers.

Together with PakistanGDP: With $ 266 billion, the stimulus value in dollars is higher than the GDP of countries like Vietnam, Portugal, Greece, New Zealand and Romania. This is almost the same as Pakistan’s annual GDP of $ 284 billion.

Double the wealth of 10 billionaires: Corresponding Bloomberg The Billionaire Index, the 10 richest Indians, has a wealth of $ 147 billion at the last closing price. The stimulus was announced by the Prime Minister Narendra Modi 1.8 times bigger than that. The amount of stimulus is five times that of personal wealth Mukesh Ambani.

Same with m-caps from JPMorgan, MasterCard: The large stimulus package announced by India equals individual market capitalization JPMorgan Chase and Mastercard, two global giants. Other global companies like Intel, Verizon, Coca Cola and Pfizer has a market value less than the Indian package.

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

One third of the January-March stock decline: The stimulus is about more than one-third of the erosion of Rs 58 lakh crore wealth seen by BSE-listed stocks between January 17 and March 23, when the benchmark index reached their lowest point.

10 times the Indian divestment target: This package is worth almost 10 times India’s aggressive divestment target of Rs 2.1 lakh crore for FY21. The revised government divestment target for FY20 is Rs 65,000 crore.

Double the size of the largest registered companies in India: This package is worth twice the value of the company from the most valuable Indian company, Reliance Industries. At Tuesday’s closing price, RIL is valued at Rs 9,88,946 crore.

.



image source

to request modification Contact us at Here or [email protected]