Reviving pandemic hit economy
The impact of COVID-19 pandemic, now wreaking havoc with the economies of the worst affected countries for consecutive second year as in our case cannot be analysed in isolation. Globally, this phenomenon is bound to affect all economies. The impact is in terms of short term and long term basis and apart from projections which may be underway to assess exactly the quantum of impact, nevertheless reviving and repairing it too must be on short term and long term basis. Last year, when the pandemic struck all of a sudden like lightening and remained very active or at its peak for over three months during which time more or less, economic activities except in a few sectors remained under tremendous stress. No sooner opening up started , than Government stepped in with reviving package. Bit by bit, as the process of recovery and reviving started taking off , second wave with more ferocity struck again which remained very active for few months. Apart from st
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On the way to a V-shaped recovery
On the way to a V-shaped recovery
Bangalore Mirror Bureau / Updated: Jul 1, 2021, 06:00 IST
Modi Dynamic”)
Aatmanirbhar Bharat packages last year, as it launched a war against
Covid, with the total stimulus package of the government and RBI adding up to a massive Rs 30 lakh crore. It is nearly 15% of
India’s GDP.
On June 28, 2021, the government announced a fresh stimulus package let us call it Aatmanirbhar Bharat 4.0, of Rs 6.29 lakh crore.
June 28, 2021, will be a golden lettered day, also because India surpassed the USA to achieve an important milestone of vaccinating over 32.36 crore people, with the first dose.