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Showing posts from June 29, 2021

Revival of Economy - Need of the Hour

Various Epidemics, Wars, Pandemics and Natural disasters have challenged the human race before and they keep coming, testing our ability to survive. At present, the fear factor due to recurrent virus waves has pushed consumer confidence to rock bottom level. Uncertainty over the durability of the growth recovery is holding back both business and financial sector from taking any long term decisions.  The sharp drop in the virus cases due to vaccinations and exercising other controls has enabled the states for a gradual reopening of their economy. Global growth is much stronger today, since the world was in a synchronized slowdown during the first wave. As we move towards in the coming months, policy priorities should continue to be in line with these economic needs. Until the economy fully reopens, targeted support for survival is still essential for households and sectors/classes worst affected by the intermittent lock downs. A more durable growth recovery still requires a serious mult