What was the size of the special economic and comprehensive package launched by the Central Government to fight COVID-19 pandemic in India?​

Correct option is D

Correct Answer is (D) ₹20 lakh crore

Explanation:

• The Central Government of India launched a ₹20 lakh crore special economic and comprehensive package to combat the economic impact of the COVID-19 pandemic.
• This package was announced by Prime Minister Narendra Modi in May 2020 and aimed at providing financial support to various sectors, including micro, small, and medium enterprises (MSMEs), farmers, and the working class.
• The package included measures for liquidity support, credit guarantees, and employment support to help individuals and businesses cope with the economic challenges posed by the pandemic.

Information Booster:

• The ₹20 lakh crore package was equivalent to about 10% of India's GDP and was meant to support the Atmanirbhar Bharat (self-reliant India) vision.
• The package included direct cash transfers, food distribution programs, and credit facilities for businesses, among other initiatives.
• The government also introduced reforms in various sectors like agriculture, labor, and finance to stimulate growth and recovery.