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The slowdown in economic activity is both a function of external factors such as the lockdown and behavioural changes of people and enterprises, driven by fear. The foundation for reviving our economy is to inject confidence back in the entire ecosystem. Comment. 10 marks

Written by

Parth Verma

in

Mentor’s comment-

  • https://www.thehindu.com/opinion/lead/rebuild-indias-confidence-revive-the-economy/article32255125.ece
  • In the intro, mention the economic slowdown in the Indian economy in the wake of pandemic.
  • In the body mention the measures to boost the confidence of people, investors, bankers and entrepreneurs, and multilateral organisations. Measures include cash transfer to the people to boost the demand, increasing the coverage of MGNREGA, interest rate reduction, credit guarantee and liquidity enhancement schemes, allowing independent functioning of institutions such as RBI, banks, bankruptcy board, securities and insurance regulator etc.
  • Conclude by how key to recovery lies in the confidence of the various stakeholders.

Comments

2 responses to “The slowdown in economic activity is both a function of external factors such as the lockdown and behavioural changes of people and enterprises, driven by fear. The foundation for reviving our economy is to inject confidence back in the entire ecosystem. Comment. 10 marks”

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