published by,Sagar
There is no doubt that due to the lockdown in the era of Covid-19 epidemic, the country's economy was sure to be hit. Along with the announcement of a package of 20 lakh crores to drive the economy, the RBI also cut reverse repo rates. Decisions like giving loans to new businessmen, relief in debt collection have also been taken in this direction, yet the challenges cannot be ruled out in view of the fifth largest economy in the world.
In hindrance, either the traders with political access run away from the government money and the honest traders have to stop or stop trading due to unnecessary interference of political and administrative people. Industrialists need leaders pressure and corruption free system so that they can run their business without any fear. As far as lockdown is concerned, the balance of workers in industries is severely disturbed.
The lockdown has severely affected the economy as well as social and cultural fabric. These days, after the exodus of workers, the industrialist is worried about the shortage of workers, because without them production in factories and industries is not able to start and the demand in the market has also slowed down.
On the other hand, the relationship between the industrialists and the workers has been reduced to capitalist values rather than based on human values. Workers who considered themselves outsiders also left for their respective states.
The crisis of the economy is not only a matter connected with demand, supply and production, but social and human values also have an important role in it. No doubt, the government has succeeded in medical management to defeat the corona virus, but the decline in the economy is also a mountain challenge, which requires the government to take concrete and scientific steps to deal with it.
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