NEW DELHI—The Indian government unveiled a large package of lending programs and other measures to stave off the country’s first economic contraction in a generation and prevent an extended bout of massive unemployment. The measures—which the government says amount to some 6 trillion rupees, or around $79 billion—are designed to prop up small and medium-size businesses with cheap loans and new protection from foreign competition. They also bolster critical parts of the economy that have been hit hard by the economic consequences...

Source: Wall Street Journal May 13, 2020 16:18 UTC