Every Indian needs to support each other as Indian Government is asking everyone to help the local traders and manufactures by giving the slogan ‘vocal about local’.
Many developed countries failed to fight with Covid19 but Indian government is still haven't lost the hope and now it is our duty to push our economy.
NO government can not do everything alone because it's the first time for everyone in this world who is dealing with such medical and economic crisis.
Government is asking people to purchase all the locally made products and goods which is a great initiative.
It's time to get united and support each other to avoid future economic pressures.
During the pandemic and after the pandemic, the global and national economy will be hit by a double shock on the demand and supply side. It's just that the country that feels the most is the country that has the debt and the country that is dependent on imports so that the country has a high dependence on the dollar. The budget deficit, reduced state revenue, makes debt the only alternative is chosen by the government to patch the deficit.
In India, there is a discourse of economic improvement by printing money. Vocal about local is important for all countries, not just India because this is a strategy to increase domestic production and reduce foreign exchange. The Indian government will calculate the manufacturing sector what percentage is stopped due to the attack of the corona. If India is focused on creating an independent industry I think manufacturing that produces under 50%. So India will merge an independent QE + industry strategy. In this independent industry, 100% of raw materials use local products, production machinery is also local, labor is also local, so 100% can use rupees. The most important thing is that the industry must be labor intensive and the industry that moves is not infrastructure, services, or trading.
As for each individual, especially the middle and lower classes must try to consolidate the base of the pyramid so that the economy rotates horizontally rather than vertically. So that the economic benefits can be felt by the people at the bottom of the pyramid.
When viewed from the other side the pandemic also created momentum for many countries to be more sovereign. And with the motivation you are on your own, each country can determine its own strategy needed. Moodi's strategy is quite good by close relations to the US as a superpower. India certainly gets a privilege from the United States as a strategic partner.