India has sunk in around $50 billion, which is quite small compared to the global stimulus of $15 trillion. Clearly, India needs to do more but the challenge is to prevent the rating from getting downgraded. A big economic stimulus will ensure that the growth engines are not halted. Of course, the growth damage is done so the effort is more towards ensuring recovery. This stimulus is more than 17% of the world GDP. This is only the direct stimulus. In addition, there is an unlimited liquidity window that central banks are making available in the form of bond purchases. Back in 2008, the massive liquidity infusion managed to revive markets. It remains to be seen if it could repeat. For India there is less of a choice since growth was the only engine that India had in these turbulent times.