It is no longer hidden from anyone that the corona epidemic has pushed India's economy, including the world, towards the trinity. On the one hand, while there is widespread closure in all types of work from tomorrow to the factory, on the other hand, economic benefits such as GST and income tax etc. are also marginalized. Meanwhile, the government has announced a special package of 20 lakh crore rupees in view of people's health and life value.
But this economic package is more about relief than non-income plan expenditure. If seen, the government is making all the arrangements, but the problem is so big that everything is insufficient. The unorganized workers in the country are completely empty-handed these days and due to the constantly uprooted economy, hunger and problems of life are taking place in their path. Workers from cities are moving to the village on a large scale.
Years later, it was also found out that India is indeed a village country and when civilization and the city fall, life turns towards the village itself. There are many dilemmas before the government. Dealing with corona, freedom from economic tragedy, smoothing the stalled system, etc. It includes all units related to agriculture, industry, and service. It is said that the governments that make policies for public development are today surrounded by all-around problems due to the Corona epidemic. The poverty of poverty is falling continuously on the citizens too. The question is, when will the train come on the path of good governance from the tired tragedy.
In fact, good governance is a tool of public empowerment in which justice comes first. It is a mode where the government gets an opportunity to become more open, transparent and accountable. Elevating democracy along with human rights, freedom from hunger and participatory development are the limits of good governance.
It is noteworthy that during the liberalization phase of 1991, there were efforts to develop economic parameters afresh. The benefits that the government and the government gave to the people through this change can still be felt. In the midst of many changes since then, after this epidemic, a new think tank will be needed to lay out the blueprint for a new India and take the path of good governance.
However, through various other agencies including NABARD, the government has been able to provide facilities to farmers in many ways, changing the definition of MSME, setting new formulas for investment etc. and planning new ways in almost all areas of production. Thinking about getting out. The increasing population in the village creates a direct equation of lack of work. An attempt to solve this problem through MNREGA by making additional arrangements of 40 thousand crore rupees is seen here, but it will be a challenge for the government to find new aspects of employment generation.
Of course, the power of the country will have to come out of the old design, but there is hunger and congestion outside, giving employment and bread to all was neither possible before, nor now appears. There has been an allegation against the Modi government that unemployment had increased during his tenure and now the Corona epidemic has broken its back. The Prime Minister is talking about New India, while Old India is on the streets these days. As long as the agriculture sector and its associated human resources feel neglected, the country will not be on the path of good governance. This is part of Gandhi's thinking.
It is true that there was no other way to prevent the current epidemic other than a lockdown, but it is also true that India could suffer a loss of around nine lakh crore rupees which is not less than the economic crisis. It is the responsibility of the government to deal with the corona first or to level the path of economic good governance with it.
So the longer the laxity stays, the more the truss will expand. The Reserve Bank of India has also indicated this on Friday. The Moody's report also lowered India's growth estimate to 0.2 percent. In March, it had expected 2.5 percent. However, Moody's is forecasting India's growth rate to be 6.2 percent in 2021, which is not possible at the moment.
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