Social protection and stimulus packages key to India’s economic recovery, says finance minister

Union Finance and Trade Minister Nirmala Sitharaman said the social welfare and economic stimulus packages put in place by the Indian government, along with timely structural reforms in various sectors, have played a role. central to India’s economic recovery process.

Stimulus packages, including the credit guarantee program for micro-finance institutions, project export incentives through the National Export Insurance Account, additional fertilizer subsidies, free food grains for 800 million people under the Pradhan Mantri Garib Kalyan Yojana and several social protection programs with a strong focus on public health, has helped to efficiently and effectively boost the economy and protect lives and livelihoods livelihoods, especially of poor and vulnerable people.

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