Kolkata, April 8 -- With a sentiment that to tackle the unprecedented times, exceptional measures are essential, an apex industry body, ASSOCHAM has recommended a 16 point agenda and a stimulus package of at least $200-$300 billion to thwart one of the deepest global recession expected in the world's history.
According to Secretary-General Deepak Sood, the Chamber believes that in keeping up with most economies of the world to institute stimulus measures with 10 per cent of the Gross Domestic Product (GDP), the Indian economy would need a transfusion of over $200 billion with an ability to go up to $300 billion, over the next 12-18 months, ASSOCHAM said in a statement issued here today.
Sood stated that out of the corpus, $50-100 billion...