Topic: COVID AND INDIAN ECONOMY (Read 707 times)

So after the lockdown there has being a huge industry being flourished which have started to manufacture the PPE Kits, N95 masks and sanitizers and all other related equipment’s which is needed to protect against this virus. The best thing that happened here was that country never produced before N95 masks and PPE kit before is now producing it with the help of local industries and supplying it within the country.

Indians are doing very well these past few days and it seems that the number of infected people is decreasing over time. I believe that with such great solidarity, India will soon be able to control this 19-year-old Covid epidemic and start a new, more stable economy. Hopefully, the United States, Brazil and other European countries will have a solidarity like India so that the world economy can be quickly stabilized. We need to be free to make more money, I don't want to see another economic crisis.

There is no rush here but instead reality.

India is a string country but not like china in which communist country are controlled every asset in their country that is why they can achieve everything that they plan.

WHile india is  normal Muslim country that lets their people live in fair ambiance without controlling and dictatorship .


Actually In India where i see how serious this pandemic is,Their police officer are punishing peoplethat comes our without mask with baton .

This means they want Indian people to follow rules even if they will use  power.

Not just India who suffered in this pandemic but all over the world especially to the third world countries are more badly affected because they lack economic prowess and health care system that would fight the corona virus on daily basis. It is also given that the spread of this virus is still inevitable and our government should do the best possible there is in order to end this unseen enemy that really gave us a hard time to fight with. Many lost their jobs, businesses closing down and that's the harsh reality we have to deal with and have to start to act strong as one to overcome this pandemic by supporting our government whatever mandates they will give to us citizens and follow it as much as possible.

What was experienced by the Indian state to make the economy recover, was carried out by other countries that also experienced the same thing
due to COVID-19. All countries not only India in the end have to print even more money, to provide assistance to several companies.In order to
produce more products, and also provide assistance to people who have lost their jobs. In this way the economy is expected can recover, but the
practice is not that easy. Because there are many mis-targeted aid, which makes the economy fail to recover. Therefore the role of all parties
is needed to help the government restore the economy, this is the time we must unite against the same enemy namely COVID-19.

I can not imagine what happens to the small company because I think it will get a big effect and many of that collapse. But I am sure that some small companies now try to start the business and contact their relations. The government itself actively tries to sound social distancing to people and still be careful if they are in the public area. We hope that people all over the world can survive and don't despair because of the conditions. We have the same experience, and we need to take care of ourselves.

We hope that the number will not increase fast because we have experience of how to have a preventive way. The most important is how we can stay healthy, so we can do something, including thinking about making money again in these situations. That will happen in all countries which get the effect of the virus.

Maybe the people's way of searching for a job will change, and maybe they will start to use the internet to search for a job. I am sure that we can search for a new job, so we can start to earn money as before.

With India's population reaching 1.3 billion, it is difficult if the state and society cannot synergize and cooperate. because this is a covid problem, the thing that needs to be emphasized is about health needs. like masks and personal protective equipment. I think such equipment can be supplied by the local industry considering how to make it which is not difficult. indirectly can also generate a local economy.

On a normal we don’t need situations like this to happen before we can patronize our local businesses. The main focus of a country should be on their local businesses and helping them grow, seriously. It pisses me off when I see people supporting foreign businesses, when they should be supporting the local businesses we have in my country.

I am not saying it’s wrong to support foreign businesses, but people act like local businesses are some kind of bullsh** or something, and it’s really annoying. Some of these locals are putting in more hard work, and shouldn’t be neglected. And look at this situation, we can’t import and export and we now have to look upon these local businesses while some of them can’t even stand now because they were not given the support they needed before this time.

The number is high because of the population in India but if you look at every country, all are experience a major set back and most of them enter into a recession. Losing job is not a big deal to me as long as I’m healthy, I believe we can always find a way to earn money and feed our family.

This is a small sacrifices towards the survival, if you lose your job don’t worry when things get to normal, you’ll get a new job again. My main concern now is to be healthy as what most people need nowadays and to look a way to earn money online where the demand is high right now.

How to respond when nobody was prepared for this pandemic. At first, it was a joke for many, and when it got serious almost all countries realized that it will be very hard to deal with so many sick people. Lack of equipment, hospitals, doctors, how could someone predict this?
Countries like India, with a high population, they have more problems, they need everything more from the above mentioned, doctors, hospitals. Now it's summer and we have higher numbers than before, this can last entire year and maybe the next one too.

Yes. Almost all of the countries are totally affected by this corona virus and if the government cannot actively respond to this pandemic, our economy will soon to collapse. But i think most of the affected countries were able to combat this pandemic with the help of the united people that are slowly regaining the economy's condition from itspoor status because of the closure of most big establishments.

Not just India have those experience because almost all countries have the same experience. We can not do anything except trying to survive in these situations, and still hope that we can pass healthy and alive. But I am sure that we can live together in the end and have a new normal in all countries, and we will keep healthy to prevent another virus that can come to us.

This is one of the reasons why there is a skirmish between China and India this year.

I just knew this China preparing for war against India from a Facebook video I watched last week, (YouTube Video). China has been through a lot but I think they are just getting greedy since we all know about China land-grabbing from the past. They really wanted to take down countries for their sake. Maybe they are also jealous on how India is making their economic situation better and might dethrone them.

In the case of China it is never possible to control everything but India will be able to recover their country's economy very easily Various rating agencies and expert groups have predicted that the Indian economy will grow faster under the NDA government. Based on strong economic indicators and the government's reform program rating agency Moody's has upgraded India's economic situation from stable to positive.

So you are basically telling that the government is not doing anything as the economy is already struggling and many lost their businesses and the problem with India is that the government only likes to show off and they never wanted to do anything to sort the issue, when the virus was spreading the government did not take any action but then all of a sudden they completely locked down the entire nation ignoring the fact that billions will be left stranded and we have seen what happened where people were walking for days to reach their village because they do not have any money and the police brutality on top of that.

Enforce a lockdown and did not do anything else to prevent the spread or test enough people and what do you think will happen, once the restrictions are removed people will try to a job to have a meal a day, the government collected ten thousand crore rupees in the name of corona fund and what you think they did with it.

Incompetency at its best.

It’s a sad situation. India isn’t alone on this. The pandemic has hit every country in different ways. The developing countries are very much hit. However, I see all these in a positive light. I mean, now, we all get to look inward, utilize our locally-made product and services, and understand the values of sticking together for the betterment of everyone. The Covid19 pandemic came with some lessons for all. By God’s grace, surely, we will all pull through this.

The battle against covid19 is now to the extent of the survival of the fittest which the advance countries are still holding the fight because really the advancement over the years have been preparing for this battle. It's really going to be hard for developing countries to get back on track and its not only India that is facing this dilemma, quite a number of countries are in the same shoe. The way out really is to continue fighting with whatever resources available and continue living while at the same time helping the country to heal in any way we can.

Indian should not rush with China. Indian is a strong and productive country,so i believed they will recover from this misery carried by pandemic. China is not a friendly country because they want to control every country on their hand but that will not happen ever.

Indian setbacks are more caused by wrong concentration. India to become a new power in the Asian region rivals China. So Indian policy is made based on the shadow of China. When China concentrated on creating food and energy security with the OBOR system to feed its population, India actually struggled to prop China into a regional center.

The vacuum of western power in the South China Sea has caused India to strengthen its strategic alliance with America and try to attract America to counter China's increasing military strength in the South China Sea. China created its own system or orbit while India has not yet determined what can be used as its bargaining power.

In addition, although the Chinese and Indian corruption performance indexes are the same, the number of corruption in India and the seriousness of eradicating corruption are very low. Unlike in China which imposes a death sentence for corruptors.

Governments will only prioritize the economy not the people's lives that is why they try to help big companies to get recovered soon even in this pandemic. Almost every country decided to lift their lockdown restrictions because they can't cope with this lockdown anymore, so they need to have enough medical help if more people fall sick due the virus spread.

your words are very profound.? from your words I think a beauty that happens on the positive side, from a different ethnic group, religion, language. they help each other regardless of race? it's a social growth that is still alive and embedded in human life that is hopefully eternal. If all humans do not have indications like that maybe gradually all humans die because they are racing to find life eternity .....
all the conclusions of disaster is not negative but there are positive sides....??

India is a very large country, with huge agricultural and production potential. since India is a country where labor is paid very cheaply, there will always be positive growth in the economy, as many corporations will use this situation. but it seems to me that today it is not the Indian economy that suffers to a greater extent, but the country's population. I am very outraged by the fact that in India, police beat quarantine violators with batons and rods, not paying attention to whether this is a woman or a child. and this we live in a civilized twenty-first century?

what country are not affected with covid? i think all are affected with it and yes all will continue to suffer no matter how small or big the damages are because every country needs the other country to have a well working and balanced economy   .  dont worry about help , because we already see that humanity is still there  . people of different races and different status are spotted for helping those who are ineed help the most  . it can be thier own money or other peoples money via the form of donations  and working / playing for a cause .

Aside from working about the economy, it's very important to improve the medical and health care system. Even if they will keep on looking for a solution to prevent the economy from crashing, if COVID cases will keep on increasing that much each day, it will still be a tough fight for India.

I don't know how India is handling the pandemic in terms of medical and health care, but have they done mass testing or tracking people? Because I see that a lot of countries who are successful in fighting the virus have done this strategy. It's still good that they are promoting local because it will also help them. Also, the cooperation and trust of people towards the government will also help in handling the pandemic.

I think those country that affected with Covid19 pandemic including India will continue to suffer and even if there is already a cure,those affected too much will not recover immediately. It is not easy for collapse economy to recover automatically..it needs more time and strategy. For develop countries with less affected it will not the problem instead they can help their fellow country to recover.

India in is not the only country that suffer because of this pandemic. And helping to it's other country is the better way to recover economy. The other coutry early detect and intercept the spreading of covid virus that's why they just slightly affected and fast recover. But in our country is now start living in a new normal where everything is now functioning despite of rapid increase of affected people. Our government implement this new normal just to make sure that economy will live again and will not collapse totally. I don't think if India can also implement like this new normal to help their economy.

Just where country you are living? I had also the same observation here in our place. But I guess not all but there are few who were not doing this.

This pandemic is really hinders to what we should have done now. The blame should be on where this virus started. I do hope that they will going to pay what they had done around the globe.

Anyway, OP had made some solutions for their economic growth but the question is that the solution could be done? Aside from the solutions being made is not really the answer for me but OP had no place to decide for it is the leaders to make this done. So, OP wait until you become a leader to represent the many to decide for your country.

We will all struggle not only India, there's no such thing as a perfect government. The only thing that we need is a transparent and responsible government, a government that will spend the budget for this pandemic properly and will prioritize those things that will help eliminate or handle this Covid-19.

When it comes to the economic sector, it is really hard to open those businesses immediately as there is still a risk of getting the virus outside. More studies and researches are needed in order to implement an effective strategy to help its citizen as well as the economy of the countries to overcome this struggle.

Actually I do not really know what you want to emphasize here with the economic growth of your country. The solution you have provided is very generic.Solutions in every problem in a certain phenomenon needs a study to come up with effective answer.

You also mention that rich countries had been failing to fight the virus to which I think you were wrong for the battle against this virus is on-going and still not done yet. Most countries had been exhausted in this battle but it is not really India I think that has advantage in economic growth instead it is China.

And if you really think that your Generic solutions might be really the answer then good luck India.

I think strength of China is the lack of politics in the country. As it being a straightforward communist state government isn't answerable to anyone for any of it's step. This makes the process much speedier considering you get appropriate Presidents. While Indian Government isn't the same. You can see political agenda in almost every decision. Similarly they have to face criticism by opposition too for doing so. This makes implantation of decisions much more difficult. Moreover I have seen numerous times the top ministers wasting their times in political rallies which really should be banned completely. This is the biggest hurdle that India has. Moreover inclination towards USA is obvious as China doesn't has a very good image of maintaining border peace with India. India earlier had that greater inclination towards USSR and Russia but that seems to fade now. It at least looks like today India trust USA more than Russia. But for competing with China, India should first realize their current position and then move towards the economic growth from base zero. But the government here is too shy to showcase any demerits of the country. These days it seems to me that India is moving backwards in terms of development. 

Many countries see China succeeding in counter corona and developing its economy, but do not want to follow or imitate what China has done to get to that point. If imitating is the key to success why don't we duplicate it. No need to be ashamed of being labeled as an imitating nation, if the results are real progress and growth. China was originally considered an imitation country and is known for producing low quality cheap goods. But China metamorphosis, from a copycat country to a modifying country and now an innovative country.

Brazil and India are countries that are more inclined towards America than China. Although India and China are geographically large and densely populated, and explicitly positioned as the two fastest-growing large economies, China and India are on different paths of economic growth. China came forward while India lost power in the region. India is in the stage of wanting to become a democratic and smaller version of China. India missteps if it wants to compete with China in terms of trade, market penetration, military strength. Instead, India must approach the weaknesses of China that can be exploited by India to weaken China.

We all knows that China pretends to be strong by giving fake stats related to covid 19 cases and also they publicly mentioned that they won't take asymptomatic positive as active corona case but in all other world almost 70% of positive cases are asymptomatic so in reality, China's actual cases will be 4x or 5x times higher than what they are telling to us.Anyway, every economy is in the risk right now so the whole world is going to face hard life even if corona vaccine was found for next few years.

India and Brazil are suffering from this pandemic because they have witnessed an increase in the number of casualties after failing to contain the matter with the aggravation of economic hardship.
Things will increase, whether this world, but the Chinese economy is strong and may recover in the coming years, or it may witness a limited contraction for several years and then prosperity will occur.
Year and next year will be difficult, the Indian people need to survive and strength.

At least they should take the precautions, such as wearing facial mask and keeping social distancing. But in my area, people are not doing so. Even those with active symptoms such as fever and coughing are roaming around. I understand that a developing country such as India can't afford to shut down the economy for months. But at last the police should make sure that everyone is taking necessary precautions to avoid the spread of the disease.

They have the largest population in the world next to China. India and China have different approach to handle this Covid-19 pandemic, they have different priorities and that will make them different from each other. India is not that prioritizing the health of its citizen, it prioritizes their economy and how they will recover from economic crisis.

Indian people are really struggling to search for food and goods to help them survive this pandemic. Most of the places in India are very crowded and it can increase the risk of transmission of the virus.

That's the reason why the number of cases there is still increasing, the government do not make a proper and effective plan to allow people to work with safety measures so that they can pay taxes.

How long they can stay in their home without any real help from their governments, now government increased taxes as well so people have to go to work to feed their family at least one time a day.Government also relaxed their restrictions even public transports are open for public to use and government says wear a mask or cotton cloth to save yourself from virus.

Not just India, The economic situation is very bad, But the news of the last fed days, India is now showing something else. They have started living a normal life. Ordinary people are wandering around wherever they want, Because they don't think about COVID-19. THey think about the family, They think about how we can earn money. Where they go and find work, They go out of the house for the purpose of finding work. They go out every day to earn their living.


I Don't think there is a solution until the Antidote is being developed.

According to statistics provided by official authorities, it is agriculture in India that shows real results, for the entire spread of coronavirus throughout the world. But the production was hit hard. In addition, we must not forget that a significant part of the world is very dependent on Indian products, especially when it comes to the supply of medicines, in which many countries of the world today feel very severe shortages. It is no secret that it is India, one of the main suppliers of medicines and pharmaceutical raw materials, and the government has already banned the export of a number of drugs. Based on this, it can be said with accuracy that the economic problems of some countries automatically affect the economies of others.

The real crisis will occur after the virus is controlled so if we are careful now we will be able to overcome this situation a lot However, the virus has hit the Indian economy hard. In addition to the virus, the locusts have destroyed all the crops in their country so the food crisis is going to increase The Indian government should spend more on agriculture They will not be able to recover what has been done in the last two or three years but they are hiding their information India is suffering more than any other country.

It would be so terrible on the part of India if I am not mistaken, India is one of the third world countries so this pandemic virus is really bad for them. Their economy is already low and this pandemic will make their economy lower because of being jobless of many people in their country. There are many Indians who are now suffering because they don't know where to get their food. It's hard for them to see their family being hungry and they don't know what to do to fix the problem. The government's help is not so enough for us to feed our family if this pandemic would last so long.
That is a great solution but how could hey implement those things if we still have this pandemic virus. Ee should be careful now and do nothing outside. It should be implemented once the pandemic virus has gone.

a difficult economic situation faced by the government of India is better to maximize product local, livestock and agriculture to help all people in need of food and money I think it helps the agricultural sector to make it easier for farmers to get good results and can be sold to the public at a price that's at least ease the burden on those who lack food.

140 million???   Wow, that’s a really huge number there. This virus has really turned the world into something else. What worries me the most is how these people are going to be surviving when they all have no jobs to work. How are they going to be getting money to feed themselves. This covid19 is something else; you decide to stay indoors you will have hunger to face and you decide to go outside you will have the virus to face lol.

I think it’s best that the government start applying measures that will help them ease the lockdown, they should look for ways to help keep people safe while they go out to work and rebuild their economy. Other than the ongoing pandemic, the India-China border tension will be playing another level of influences in deciding the growth rate of economy. It seems very hard time in all means but I read India was not got hit by 2008 recession due to its strong and wide production of agriculture related products but this time may be the stories will be different.

It's weird how even e-commerce sites weren't forgiven from closing down during the lockdown. Even if it was locked down, the duration seems too long, just looked it up and it was from Mid-March to May. After the 2nd phase or even the third phase, loosening the lockdowns by employing methods to at the very least let the economy circulate should've been done. At the time frame of the initial lockdown, the government should have been deciding on what to do to improve domestic development as well as increasing the jobs that require the employing of workforce.

Still, the current state of India should get better as time goes on, that is unless the government proves to do idiotic moves continuously. With how local products are now being slowly spread out and how domestic development is slowly growing properly. If India manages to survive the pandemic crisis, and I hope they do, the development of their domestic industry should be a large help in improving the economy of their country.

Print money doesn't always bring inflation. Americans print inflation below 3-4%. When subprime mortgages occur that cause unemployment and huge losses and with the fed printing money the problem does not last long. Japan is also diligent in printing money to accelerate development and also can not be inflation instead even deflation because its citizens are diligent in saving. China is also a country that prints money with a layered project guarantee and is combined with the OBOR strategy so that China can print renminbi for the project but get foreign exchange in dollars.

Printing money will bring inflation when printing money is used to pay debts or for consumption. Printing money must not be done with the aim of creating demand. Print money must be for real projects and productive industries. In addition, in a crisis situation, money printing must be combined with other strategies such as maximizing local natural resources to create an independent industry.

Lol! OP, what kind of relief package you are talking about that Narendra Modi provided? He is not even qualified for the same! Having majority votes in his kitty doesn't make him an economist! He and his ministerial cabinet is only good in creating communal tensions and nothing else!

Narendra Modi did provide a direct monetary support to the poor class of people and tou must know the amount - $6.60 at today's rate. For businesses, he encouraged to take loans and requested banks to provide loans without guarantees which majority of private banks didn't agree to!

He is a laughing stock among educated mass in India. But unfortunately, the number of uneducated people are more so he is winning the elections.

"Vocal for local" is probably the only thing he has done right in his career. But without proper plan this will also fail big time! Nationalist emotions are good in theory, but doesn't work without planning!

Indian government never tried to help their people, they announced huge relief package but it got nothing for the affected people.Someone narrated what is happening in India in most funny way in this section itself.

Government is still trying to loot from the affected people, mostly middle class people are getting affected here and if this problem exists too long then Indian economy will be too low and will take years to recover.

I have not read any statements that People must Buy their food in this thread instead OP is urging Indians to Help others.

This is far impossible for now because Even Government are in shortage because of the reliefs and support they are spending day by day to people in needs and the support for the frontliners.

I think this is the last thing every government will do,Desperation will lead them to print more money .

India is literally opened up completely now. Have you seen the news recently ? Just see how life has settled to normal days and how people are wandering everywhere they want. Since Lockdown 5.0 (Unlocking) nobody really cares about Covid19 because their priorities are to feed their families by doing some work.

In India most of the population lives on "hand-money" where they work and at the end of day get their wages. This is why people won't be stopping in houses anymore and they will keep working so that they can get food for atleast on that day.

Now, here comes the trouble, this will boost the covid19 spread to larger population.

There is no solution until we get Vaccine for the same.

India is not the only country affected by this pandemic, many countries have lost many lives and many jobs, the economy has paralyzed many institutions and India is not isolated from these consequences.

The solutions may be in the hands of the government more than the people, as restarting factories and incurring losses is much better than waiting for someone to remedy these crises or sponsor societal initiatives.

The push for domestic manufacturing and domestic products is one small silver lining of this disaster. The loan package for MSME's is not half bad. Yet, all depends on the sector. For example, companies in pharmaceutical sector are seeing their share prices skyrocketing. This is because of the huge capacity for pharma production. Companies like Glenmark, Cipla are going to produce generic versions which will have worldwide demand in the coming times. Just like India ended up being HCQ supplier.

The other manufacturing sectors will need to put their act together by innovation and alternate sources of raw material. There has been a lot of bravado about boycotting the Chinese but a lot of India's industries are presently captive to chinese sources. This will take time to change but there is no doubt that it has lead to several opportunities.

Lastly, the reverse migration of population is being seen as a positive change. A lot of these people are no longer uneducated, unaware individuals. Thanks to the digital revolution, people are pretty much aware of their rights pertaining to the employment guarantee schemes of government, the loan/ insurance schemes for farmers, education schemes etc. There is ardent hope that the homecoming of these better informed and better connected citizens into the village economy will lead to greater entrepreneurship and innovation.

This is the best solution, however, if government doesn't have enough money, then it will be very hard not just for India but for the rest of countries whose national budget have been depleted in the last three months.

This has been done by the government itself, but with billions of population, it is not sustainable.

But it could have a negative impact in the long run. They should open up their economy specially small to mid companies so that those who still have jobs can have purchasing power again and pump and stimulate some growth.

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.

How can people buy more goods and products while they have lost their jobs?

The solution lies in increasing government spending on projects and companies that employ a lot of workers by keeping them in their jobs and trying to pay part of their salaries.

It also has to give direct subsidies to those who have lost their jobs and thus more money that can encourage demand if markets open and commercial activity returns to Normal positioning.

The worst solution would be to print more money, but printing money is not as bad during a crisis.

The one that you mentioned about factories whose getting shortage in labor causing a less production only applies to those factories that are not part of individual's necessity, for example factory of slippers, you won't be getting your workers to produce a slipper in times like this, instead those factories who is part of human necessity are not closed or being cut in workers, they have guidelines to follow in their workplace such as wearing a protective gears. I know all of the government is struggling both medical and economically coz we aren't prepare on this long ditched road.

I agree there should be a mass production of local products, as if we have a choice coz every products coming from other countries are on hold. It's not just India that is suffering actually, everyone does too.

The only solution is to find the cure/vaccine.

I don't think developed countries failed to fight Covid-19 in your conclusion, it's just they are late in responding, like Italy for instance. While there are countries who reacted very quick like South Korea because they see the impact and the seriousness of the situation. But I do agree that we should help everyone, not just in India. Many countries are adopting similar "battle cry" not just to fight but to survived in this pandemic. Again, throughout history, mankind has really proven itself to go beyond and survived (even nuclear holocaust, war famine). So I will say that this is just a challenge and we should be positive that everyone's economy will start to gear and heat up in the next quarter.

AFTER COVID19 -

After this huge pandemic came to India more than 140 million people lost their work and income.
Till date more than 14000 cases are increasing everyday in india and more than 54% private businesses have been shut downed.
Prime Minister Narendra Modi has launched package of 20lack crores which include many relief schemes for those who lost their jobs, whose startup fell down and also for those labors and workers who migrated back to their hometown after losing their jobs and homes.
Even the biggest companies of India like TATA, BHEL and ADITYA BIRLA has reduced their production because of fewer demands and economical strains.
Government is also failing to generate revenue as sources like revenue from tourism, export-import trade have almost stopped and unemployment is increasing day by day which resulted in less tax collection.
All e-commerce sites were shut down during first 3 phases of lock down and which gave them huge loss. All public cinemas and sports centers are stil closed which were a good tax source for government.

CONCLUSION -
After every possible effort done to boost economy even during this complex situation by government the Indian Economy is going down day by day. GDP is shrinking constantly even almost all buisnesses were resumed after 3rd phase of lock down.
Even economy can be more affected after disturbed Indochina trade relations.
Government is focusing more on to provide better medical facilities and treatment to Covid affected people (which must be its first priority) by ignoring local disturbed economy.
Many factories are unable to increase their work production because they are now facing shortage of labor.

SOLUTION -

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.