How to revive economy in lockdown

How to revive economy in lockdown

Have we ever thought that one day we will wake and found out ourselves jobless? Have millions of labourers and daily wage workers ever thought that one day they all have to starve for even a piece of bread? They even never seen it in their worst ever Nightmare that one day they all have to keep stranded in long queues at railway stations waiting for going back to their hometown, without even a penny in their pocket? But what is the reason of all the practices? Corona Virus. Isn’t it? A virus which brought the top Global Powers down to their knees. All the top class medical institutes have been assiduously working day and night to finding its cure and vaccine.

But, When the Corona infected cases are on hike, a crisis which can never be ignorable has risen from the day one of national lockdown; ECONOMIC CRISIS. PM NARENDRA MODI stated, recently, the five key pillars to making self-reliant India. The first and foremost key pillar is Economy. But, amidst the pandemic crisis, nobody knows that how customers, industry and daily wage workers will adapt to the Post COVID economic Crisis.

“We have nothing to eat. My children are starving.” Said one migrant labourer, who came across at Delhi railway station, with his family. All the factories, industries, medium and small enterprises have been running out of cash that’s why they have even refused to pay their workers their salaries. A Hard time for India and its daily wage workers. Farmers are not even getting their Minimum Support prices (MSP) for their crops. Economy of India has, definitely, to be revived.

The first and foremost solution can be to transfer money into the accounts of poor workers. Government has all the bank account numbers in their below poverty line data. So it must immediately transfer at least Rs3000 to the account of 13 Cr poor families. It will cost to them about Rs39000 cr. Some state governments have accomplished it but not all. Government has promised to supply free food but people still are starving.

We must give relaxation on construction. Contractors of big projects like MNREGA must have to start their work under strict guidelines of social distancing and sanitization. It will surely help the construction labourers to restore their livelihood. Another solution which I personally observe at micro and macro level is removal of lockdown but under strict norms and guidelines. Only then we will be able to come back to the situation where we were before lockdown. This solution is still at stake because it might increase the cases of Corona in India. But ironically, we have to do it in future because we have to learn to live with virus.

Recently PM MODI auspiciously announced the financial package of RS 2000000 Cr. As a percentage of GDP, India’s economic package is one of the largest announced so far. Prime Minister said the package will be aimed at everyone from middle class to the business community. The package will be focussed on strengthening local markets, and supply chains. It will help land, labour, liquidity and law. I hope that this package will surely help in regaining the enhanced economic condition which will again be considered as the fastest growing economy of the world and also help in fulfilling the aim to make India a FIVE TRILLION Economy.


Raghav Arora

Raghav Arora

Im a student of civil Engineering. Im very fond of reading books and recently published my ebook on Amazon kindle "A Mysterious Honeymoon"

Raghav Arora

Im a student of civil Engineering. Im very fond of reading books and recently published my ebook on Amazon kindle "A Mysterious Honeymoon"

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