Rescuing the economy

The national accounts for the first quarter of this financial year suggest that the fall in gross domestic product (GDP) this year will probably be of the order of 10 per cent or even more if the current surge in Covid infections is not contained soon. The revival of the growth process will not take place until the second half of the next financial year and this delay can lead to social unrest caused by unemployment and rising poverty and a significant erosion of domestic and foreign investor sentiment. 

Here is an area where the government needs to articulate a

Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper