The recovery efforts from the fallout of the covid pandemic present the country a chance to make systemic changes that would ensure more sustainable development and a resilient economy Aman Srivastava As covid-19 spreads across the world, health services in many nations are increasingly getting overwhelmed, while the global economy is falling into an unprecedented recession.
The World Bank expects India’s growth in 2020-21 to slow to 2.8% from 5% in 2019-20. Informal sector workers and members of lower income groups have been hit particularly hard as their wages have disappeared.
The International Labour Organization estimates that 400 million people in India are at risk of sinking deeper into poverty.