A Pathway For Economic Reconstruction

Published on Swarajya | Kumar Subham and Anuva Aggaral

Earlier this week, the National Statistical Office (NSO) released the estimates for Q1-FY21 gross domestic product (GDP). As predicted by the economists, the figures witnessed a sharp contraction of 23.8 per cent, and the country is looking at the government to share a vision for its revival.

The situation is dire. If the economy doesn’t see a turnaround by the next year, we would be in for a long-term depression.

Economic liquidity would be down, and the progress made in the last decade in terms of infrastructure, economic reforms and governance systems would be lost forever. In this article, we analyse some possible steps that the government can take to improve the economy.

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