India

India said to plan COVID-19 economic stimulus package - Bloomberg

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A view shows empty roads during a 14-hour long curfew to limit the spreading of coronavirus disease (COVID-19) in the country, in Ahmedabad, India, March 22, 2020. REUTERS/Amit Dave

May 25 (Reuters) - India is preparing an economic stimulus package for the sectors worst affected by COVID-19, Bloomberg reported on Tuesday, citing people familiar with the matter.

The finance ministry is working on proposals to bolster the tourism, aviation and hospitality industries, along with small and medium-sized companies, Bloomberg reported.

The discussions were at an early stage and no timeline for an announcement was decided, the report added.

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Reporting by Kanishka Singh in Bengaluru; Editing by Christian Schmollinger

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