- Courtesy pandemic, the global economy is absolutely hard hit and would take enormous efforts on the part of every single nation in the next few years will be stating the obvious and an understatement of the struggles that can be foreseen in the near future. Signs are already appearing ominous for the respective governments concerned who are caught between the devil and the deep sea, especially still majorly agrarian country like ours.
PC: Pymnts
- Stuttering the Indian economy which was already reeling under the impact of slow-down for few successive quarters was dealt a devastating blow by the unforeseen virus inflicting extensive damages. Complete economic inactivity is bound to take its toll eventually undermining the overwhelmingly unorganized sector in our country which stands at a staggering 82%, approximately. The informal labor force indeed is mind-boggling just going by the numbers.
PC: Money Control
- The farmers, lifeline of our country, are feeling the heat owing to continued lockdown that has brought absolute misery to scores of them. Not only agricultural and its many allied sectors – manufacturing, services, construction, several other industries and its ancillaries are also reeling under the impact. Worst affected though are the marginal agriculturists and a huge number of migrant laborers working on those lands whose daily bread earning capacity is implicitly linked with the robustness of the sector.
PC: Krishijagran
- Challenges staring at the government is, first and foremost, to zero in on a roadmap that uplifts the mood of the country in a staggered manner. Millions of poor farmers and the struggling migrant populace should be the primary focus to kick-start economic revival activities. Loosening financial purse-string should take precedence over fiscal prudence. All-encompassing economic stimulus packages should be the order of the day henceforth.
- Thus, the onus squarely rests on the incumbent government at the Center to assiduously develop a comprehensive roadmap by involving all stakeholders, including the diffident and opposition voices raising red flag against the fiscal policies as well. Need of the hour is collective efforts and any ill-advised misadventures at one-upmanship would surely defeat the purpose. Petty differences should be set aside in the larger interest of the nation.
PC: Jokara
- The entire nation is keenly awaiting an opportunity to get back on their feet to revive stalled economic activities. Make no mistake, people would welcome a transparent economic revival plan with tentative deadlines to prepare themselves to kick-start lives afresh. As such, the government should anticipate nothing less than wholehearted support from each stakeholder provided measures planned genuinely addresses their livelihood concerns.
