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India to invest $1.46 trillion on the virus-hit economy

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India’s prime minister said Saturday his country has done well in containing the coronavirus pandemic and announced $1.46 trillion infrastructure projects to boost the sagging economy.

Axar.az reports citing foreign media that the key lesson India learnt from the pandemic is to become self-reliant in manufacturing and developing itself as a key supply chain destination for international companies, Prime Minister Narendra Modi said.

“The coronavirus epidemic is a big crisis, but it can’t stall India’s economic progress,” Modi said in a speech from New Delhi’s 17th century Mughal-era Red Fort to mark 74 years of the country’s independence from British rule.

Modi said the government has identified 7,000 infrastructure projects to offset the economic impact of the pandemic.

Date
2020.08.15 / 10:13
Author
Tural Azimzadeh
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