Many governments have announced large amounts of stimulus to support their respective economies, with some taking up more debt to fund those expenditure.
"Under no circumstances can the world, the region, or India, allow an epicenter to emerge in India," said the World Bank's country director for India, Junaid Ahmad.
Major international creditors will relieve the world's poorest countries of debt payments this year to help them deal with the coronavirus pandemic, France announced on Tuesday.
South Korea heads to the polls on Wednesday for legistlative elections against the backdrop of the global coronavirus pandemic that has taken thousands of lives worldwide.
The government will allow farm activities, construction of roads and buildings in the hinterland which has so far been less affected by the coronavirus contagion.
The measures were introduced after global markets sold off as investors scrambled for safety from the economic threat of the global coronavirus pandemic.
Many Chinese companies are still planning to list in the U.S., despite increased scrutiny on the issuers in the wake of disclosures of fraud at high-profile stocks such as Luckin Coffee.
The move should pave the way for a similar reduction to the country's benchmark loan prime rate (LPR), which will be announced on the 20th, to lower financing costs for companies hit by pandemic.
Trump's announcement came a day after governors from six states said they would form their own group to coordinate plans to eventually reopen their economies.
"If we're successful … we're hoping to get to hundreds of millions of doses by the end of next year," GlaxoSmithKline CEO Emma Walmsley told CNBC's Jim Cramer.