How to save Indian economy?
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Answer:
Is the worst yet to come for India’s economy? Even as opinions remain divided on the issue, a recent ET Online poll has thrown up some interesting observations.
After the deep GDP contraction in April-June, people are deeply split on what lies ahead. In the survey, one half expects a long and tough road to recovery, while the other sees clearer skies ahead.
Those who see a slow and painful revival blame the lack of Centre-state cohesion for it. Those who harbour expectations of a relatively speedier revival pin their hopes on a boost to middle-class sentiments.
In essence, the findings of the survey underline four major aspects: a) lockdowns damage economies the most; b) boosting middle-class sentiments is India's best bet; c) lack of Centre-state cohesion can make the road to recovery difficult; and d) the need for a Stimulus 2.0.