India’s economy is on the brink of a third recession since 2015.
The central bank announced on Thursday that its economy is now growing by 2.3 per cent annually, the weakest pace since 2009.
Its GDP growth was estimated at 1.7 per cent in the March quarter.
In the first three months of 2017, GDP grew by 3.7% and inflation was 2.7%.
The central government has been pushing to boost investment and consumption in a country of 1.3 billion people.
However, there are signs that this stimulus package is having some impact.
Bhutan, with a population of 1 billion people, is the poorest country in the world and faces some of the world’s worst food and water shortages.
The country has been hit hard by droughts, earthquakes and flooding.
In 2017, nearly a million people died, and the country has suffered nearly a third of its GDP from the devastating floods that hit the country in May and June.
The floods and droughty conditions have led to the country’s GDP falling by 9.3% in the third quarter of 2017.
Bhutans economy has been in the red for the past few years.
Bhuttans government has not been able to provide much help to its people.
It has relied on international aid from the United Nations and other international donors to help the country.
The government has also struggled to get money from the World Bank and the International Monetary Fund to provide aid to its struggling people.
The Indian government hopes to get some of this money by subsidizing its imports of food and other basic goods.
In addition, it wants to increase its exports, which are growing, in order to offset the negative impact of the drought.
Bhuntan government officials hope that this policy will help boost the countrys economy.
The first stage of the plan will provide $9.2 billion in direct aid to the people of Bhutan and other developing countries through the Economic Cooperation Fund (ECF), the central bank said in a statement.
The IMF and World Bank have agreed to provide $1 billion each.
The ECF has already lent India $938 million to cover its costs, the bank said.
The Bhutan government has already announced $3 billion in loans to developing countries.
The plan has been approved by the National Development and Reform Commission, a body that advises the government on its economic policies.
India has been giving loans to Bhutan since January, and has set aside an additional $2.4 billion in aid.
In 2018, the Bhutanese government signed an agreement with the World Trade Organization (WTO) for $5 billion in agricultural aid to help bolster its struggling economy.
It will also provide an additional two-year aid package of $4 billion, the country said.
India hopes to help Bhutan grow its economy by encouraging exports, helping it to diversify its export base, and promoting investment, the Indian government said in its statement.