India is preparing an economic stimulus package for the sectors worst affected by COVID-19, Bloomberg reported on Tuesday, citing people familiar with the matter.

The finance ministry is working on proposals to bolster the tourism, aviation and hospitality industries, along with small and medium-sized companies, Bloomberg reported.

The discussions were at an early stage and no timeline for an announcement was decided, the report added.

(Reporting by Kanishka Singh in Bengaluru; Editing by Christian Schmollinger) ((Kanishka.Singh@thomsonreuters.com; +91 8061822801;))