Approach to post covid challenges in India
This year 2020 will go down in history as the social break between pre-covid and post-covid times. What unfolded as a health crisis has turned into a deep economic crisis, pulling the world into a recession. Uncertainties loom large and the world over policymakers are striving to strike a balance between lives and livelihoods. India and the rest of the countries are no exception. The pertinent question is how to overcome the post-covid challenges and bring new opportunities? The government of India has taken several supportive actions to mitigate economic losses, including ‘Atmanirbhar Bharat’ package and the introduction of specific schemes to boost consumption and investment. RBI on its part has been taking regular measures to ensure liquidity support. The government has also ushered in significant reforms in areas such as agriculture, defence, space, mining and other sectors as well as labour laws. The latest announcement o...