How can the government stabilize the economy of India amid COVID-19 crisis
Discuss some effective measures that the Indian government can implement to provide economic stability in the wake of the COVID-19 pandemic.
- Providing direct cash transfers to the most vulnerable sections of society to ensure they can sustain through the crisis.
- Launch infrastructure spending to boost the economy and generate employment opportunities.
- Provide tax relief to small and medium businesses, which will help them to regain their footing and contribute to economic growth.
- Strengthen the healthcare system, upgrade facilities and provide financial support to front-line workers will create more job opportunities and help build community well-being.
- Provide interest rate cuts and deferment of loan repayments to alleviate the financial burden on businesses and individuals
Answered
a year ago