Indian companies are huge employers but are falling short of money to keep paying salaries. To minimize job losses and prevent a crash in consumption, they need help As each day passes with the country under a lockdown, stimulus calls arise from different sectors of our economy.
Yet, the government seems in a bind over how exactly to go about it. Piecemeal measures have been announced, but far more is needed to tackle a crisis of this enormity.
Unemployment has jumped several-fold to over one-fifth of our workforce, according to the Centre for Monitoring Indian Economy; growth in gross domestic product could possibly contract this fiscal year; businesses big and small may have to fold operations, while countless Indians risk getting pushed