(MENAFN) India decided to introduce new steps aimed at achieving a recovery in its economic growth, as announced Finance Minister Nirmala Sitharaman.
Worth around USD7,039, billion in stimulus, the new measures look to support exports along with facilitating borrowing abroad for the sake of several housing projects.
Under the new measures, the finance minister revealed, India will be extending the reimbursement of taxes and levies on export promotion starting January 1st.
According to Sitharaman, the steps "seem to come in tranches, rather than at one go," adding "but each time we're making a clear attempt to also connect with the previous announcements that we have made."
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