Thread by @kirti_sd

20 lakh cr is 10% of GDP..so, has our GDP come down from 3 trillion to 2?
Yes it has...shocked no?
Our expected GDP for 2020-21 is 2.04 trillion.

Wait, read further
Apart from RBI actions, only 4-6 lakh crores which is 2 to 2.5% of our GDP will be actually deployed.
Rejoice

GDP is in US $ I know 🙄
3 trillion dollar is 210 lakh crores INR.
Expected GDP in 2020 is 204 lakh crores INR but the 10% of GDP won't hold true as
1. RBI' efforts (8 lakh cr by way of liquidity given alreadyand the previous package) is included in yesterday's huge announcement

2. Actual disbursement of cash to the most needy sections of society will be negligible
3. Liquidity enhancing measures of RBI will be availed of by medium & large businesses while small businesses will be left in the lurch

4. 50000 cr to revive mutual funds already given by RBI, 1.7 lakh cr economic package, 34000 crores for District Dev. fund,etc ARE included in yesterday's so-called gracious package
5. 5 lakh cr morewill be announced by RBI for loans to be given by banking system

6. Totalling all of the above leaves the Govt with deploying only 4-6 lakh cr in actuality ..which is only 2 to 2.5 % of the GDP.

Keep dreaming about 5 trillion dollar economy by 2024.

Till short term demand side is given equal importance along with supply side, till immediate cash support to the very poor & unemployed is given, till monetary incentives to small & micro enterprises to bring back work in full force is catered to, let us celebrate our idiocy