India submitted a plan of salvation of the economy.

India announced its intention to support the country's economy and provide for its stabilization to 200 billion rupees (four billion dollars). The authorities in India are already considering increasing the budget precisely for that amount, reports BBC News.
According to a government plan, the tax burden on citizens would be reduced by about four per cent, to increase consumer demand. The package also includes anti-crisis measures of state business. In addition, since mid-September, the Reserve Bank of India has sent more than $ 60 billion in aid the financial system.
Earlier, Indian Reserve Bank is the third time since early October reduced the base rate - this time from 7.5 to 6.5 per cent. Thus the authorities intend to encourage the growth of the economy.
Reports on crisis plan authorities of India and lowering the basic rate of the Reserve Bank a positive impact on the stock market. Quote of Indian companies soared more than five percent.