After the Madhya Pradesh Congress expressed disappointment to the Rs 20 lakh crore stimulus fund announced by PM Modi, demanding 'at least 50% of the GDP', netizens took to Twitter to question the economics behind Congress' demand. "20 lakh crore only? Modi Ji, this is a pandemic. Everything is destroyed. Not just 10% of GDP, at least give 50% of GDP," tweeted the Madhya Pradesh Congress. Netizens also dug up previous statements of the Congress party where-in they had demanded PM Modi 'to go bold' and declare a stimulus fund of at least 5-6% of the Indian GDP.
😂😂😂..why not 100% of GDP??— Practical_Indian (@uniqueindian12) May 13, 2020
If 50% announced they will ask for 75% Opposition acted like opposition party Politics dharma— kaamaraju (@kaamaraju1) May 13, 2020
Any basis for 50% of GDP demand?— sagarchakravarthi (@tncsagar) May 13, 2020
can somebody tell them, its not a fashion discount its a relief package...— El Profesor (@elprofesor_mh) May 13, 2020
😁why 50% sir !! Ask more !!! 🙏🙏🙏🙏🙏— anil (@anil68237362) May 13, 2020
India's overall package amounts to about 10% of GDP, equivalent to about $266 Billion, which is, in turn, equivalent to 100% of the GDP of Pakistan. Along with this, as per the Economic Stimulus Index (CESI), India's package is one of the largest in the world. Even among G20 nations, the largest stimulus fund announced by Japan for the country stands at 21% of its GDP. India's stimulus package, standing at 10 per cent of the GDP, fares as the fifth-largest among G-20 economies in terms of spending as a percentage of GDP.