Fund to provide liquidity to mortgage backed paper: $ 700 billion
add Funds pledged to Fannie and Freddie : $ 200 billion
add Funds to buy out AIG: $ 85 billion
add Funds stuck in the Bear Sterns bailout: $ 29 billion

Total funds pledged by the Fed in current crisis = $ 1.014 billion trillion
Size of India’s 2008 GDP in Dollar terms = $ 1 trillion