7 May 2020

Corona & Dampening Economy both need fiercely fight

"We will have to fight both enemies (Corona & Dampening Economy) fiercely, and be as hard as steel for the same." Yes, this is exactly the situation. Lockdown has been going on in India for the last 40 days. Newspapers are flooded with reports of economic and social assessments. It is estimated that the lock-downs of March, April and May can affect the Indian GDP by about 20% to 30%.

Famous industrialist Shree Ratan Tata has tweeted, "My dear business brothers, 2021 is the year of saving lives & not earning. Saving life is also earning." Realizing the crisis of both saving life and livelihood, the state and central government have paved the way to reach laborers and students at their homes in a harmonious manner, which is commendable. Although all of them will have to go to the quarantine for a period of 14 to 21 days, but the assurance that the family is getting in front of it is incomparable.

Renowned IT industrialist Shri Narayan Murthy has expressed concern that, "If all the activities are stopped in the same way due to lock down, then surely the number of starving people will be more than the number of people dying of corona. "

If we analyze the equation of population of India, then the above thing does not seem to be wrong. Out of the 130 crore population of the country, 45 crore live in cities and the remaining 45 crore live in villages even today. Out of these 45 crore people, 40 crore people are in jobs whose income is less than 10000 per month. In such a situation, it is very difficult and painful for the family to live in big cities. 35 crore,  those who work on daily wages, where the conditions have become very pitiable. The lower middle and middle class is also not in very good condition. If this lock down goes on for 1-2 months, then the crisis will go so deep that people will have to lose a big part of be gained by hard work and wealth will also go away. 

While poverty invites malnutrition, malnutrition leads to diseases. According to the Global Hunger Index report of 2019, with a score of 30.3, India is passing through a severe category of starvation. India has ranked 102nd in this list of 117 countries. According to the GHI report, India's child vesting rate is 20.8 percent, which is extremely high. This index is calculated on four scales - Poor nutrition, child vesting (children under five who are underweight), child stunting (children under five whose height is lower than average) and under five Infant mortality rate. According to UNICEF's "State of the World's Children 2019" report, the number of deaths below 5 years of age was 882000 in 2018. This is too much for any country.  

On the basis of the challenges presented and the resources available, it would not be unreasonable to say that the wonderful example of mutual reconciliation and federal and central arrangements that Indian governments have presented is praiseworthy. The sensing of danger at the right time, the various decisions taken and implemented in a planned, team-oriented manner are unique. However,“The benefits being disbursed is reaching the last category of the beneficiaries constantly" should be monitored and verified regularly otherwise it would be like any other paper plan.

Globally, the US and many European countries like Germany, France, Britain and Asian countries like Japan, South Korea have understood the economic strategy of China and decided to part with it. The Central Government and the State Governments are eager to invite various companies. Such meaningful steps taken at the right time will really strengthen and prosper India's future.




 

No comments: