Conditional fiscal stimulus at minimal 0.2% of GDP: SBI Ecowrap
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New Delhi, Oct. 14 -- The latest stimulus measures announced by the Centre will lead to a maximum additional cash outgo of Rs 40,000 crore, which is around 0.21 per cent of the GDP during the current fiscal, an SBI Ecowrap report estimated on Tuesday.
In comparison, the last stimulus package had a cash outgo of Rs 2 lakh core or around 1 per cent of the GDP.
The measures introduced under the Rs 73,000 crore package provides for 'LTC Cash Voucher Scheme', 'Festive Advance' and loans to state governments to spend as capital expenditure.
As per the report, the Centre has proposed a special interest free 50-year loan to the states for capital expenditure of Rs 12,000 crore to be spent till March 2021.
Out of the total, Rs 10,000 crore wil...
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