With a sustained dip in revenues, the states are justified in seeking relief from the Centre. However, they have to also do their own bit to revive the economy.
India Today Editor-in-Chief talks about how the pandemic and lockdown have crippled the Indian economy, and what needs to be done to navigate this crisis, in the September 7, 2020 edition of the India Today Magazine.
Around 10 lakh migrant labourers left for their parent states in April and May. Since the Unlock 1.0 began on June 1, nearly three lakh have returned to work.
Globalisation increases not only an economic phenomenon, but it also has other aspects such as technological, cultural and ecological. Deglobalisation will shrink these circles of global cooperation.
Unlockdown 1.0 must bring about many adjustments and the Central and state governments will be faced with new challenges in maximising opportunities for livelihood while minimising the loss of lives.
India’s challenge as the fourth lockdown winds down on May 31 will be to pursue a revival of economic activity without setting off infection spikes in red zones.
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