The country's economy to pick up speed again from April 20

IMF estimates; Indian economy to be in the top 3 among the fastest growing economies after the Corona crisis

APRIL 18 (WTN) - The Coronavirus infection disease has become the biggest challenge to human civilization at the moment due to the mistake and negligence of Chinese leftist government. So far, 1,54,278 people have died worldwide due to the Coronavirus infection disease (COVID-19) which is originated and spread from Wuhan city of China. As far as India is concerned, for your information, let us know that the havoc of the Coronavirus infection has affected India too. According to the data of the Government of India, 480 people have died in India due to the Coronavirus infection disease so far.

As you know, Coronavirus disease is a disease of infection. In such a situation, unless the scientists have prepared a vaccine to treat this disease, only the social distance from person to person can prevent the disease from spreading. In such a situation, lockdown continues in India only to break the chain of the Coronavirus infection. But due to the lockdown, economic activity has been banned in India, the world's seventh largest economy.

In India, the country with a huge economy, there is a lockdown till May 3. But from April 20, work will start again in many sectors of the economy. In such a situation, it is hoped that soon the Indian economy will once again pick up the pace. For your information, let us know that about 65 percent people work in the sectors in which the government has allowed of start work. According to economics experts, work will resume in about 45 percent of the economy in the country after April 20, and due to this, the ongoing decline in the country's GDP growth rate will be less.

For your information, let us know that the agriculture sector contributes 34.64 percent of the total GDP of the country. In such a situation, the exemption issued by the government from April 20, food processing industry, cold storage, warehouse service, fish meal and their processing and packaging, fish products, fish seed, tea and coffee, rubber, cashew processing and packaging, milk Collection and processing of maize, manufacturing, and distribution of maize will be started.

By starting agriculture and allied services, 50 percent people of the country will get work. As you know, at this time, the government is buying Rabi crops, which will bring money to the farmers. When the money comes to the farmers, they will buy which will be good for the whole economy.

Apart from the agriculture sector, the government has also allowed of opening data, call centers, and IT offices with certain conditions. Also, electrician, motor mechanic, plumber, carpenter, courier, DTH, and cable service workers will also be able to start their services. At the same time, companies associated with the essential goods industry, such as medical equipment, IT hardware, mining, and jute industries, can also start their production. Let us know that their contribution to the GDP of the country is about 16.57 percent.

After 20 April, work will start in the real estate sector with some conditions. For your information, let us know that the permission has been given to start construction in real estate projects and all industrial projects. However, in urban areas also, only those construction work are allowed where workers are available on the site. The real estate sector is also very important for the country's economy, and the real estate sector contributes about 7.74 percent to the country's GDP.

Starting from April 20, work with the condition in many sectors will accelerate to a nearly closed economy. Due to the efforts of the Modi government, Coronavirus infection has not taken a formidable form in India. At a time when the economy of many countries around the world is weakening due to the Coronavirus crisis, the Indian economy can grow rapidly due to the comparatively lesser impact of the Coronavirus infection disease in India. The IMF (International Monetary Fund) itself believes that the economy of India will be in the top 3 of the fastest growing economies after the risk of the Coronavirus infection disease decreases.