Corona and the possibilities in Indian economy

Corona and the possibilities in Indian economy

Before corona Technological revolution, globalization, nuclear weapons, debt trap diplomacy are changing global order. After corona sustainable development will be the major key maker. India will show this path to the world.

In India there has been a lockdown for a long period of time because of corona virus. As a result of which there is a profound impact on the Indian economy. In 2020 an economic depression in India has been noticed but 2021 will bring a new opportunity for us. If we can utilise that opportunity then India will transform into the third largest economy in the world.
Till 2020 nearly one-third of the manufacturing setup of the whole world was located in China but after the corona crisis the companies have understood that for manufacturing it is not proper to be dependent on one particular country. So, to minimise the risk they want to set up alternative manufacturing units in other countries and for this reason three countries will get the most advantage -- India, Vietnam and Mexico.
In India skilled labour is easily available in great numbers. Everyone is willing to work at much cheaper rates compared to China. While in China the average labour cost is $23 per hour, in India the average labour cost is only $5 per hour. However, there are still infrastructure issues in India but the government can develop that. The government will have to focus more on "Make in India".
The local companies of India want to set up new manufacturing units in this country. The government has also encouraged the public to use local products and to become self-reliant. So, local production in this country will also increase. Import from China and other countries will decrease. The country will have to focus more on "Made in India".
In the near future in India, "Made in India" and "Make in India" projects will start extensively. India will transform into a manufacturing hub. Employment opportunities in the country will increase manifold. The economy of the country will flourish.
A revolution will come in IT. After the corona crisis all the educational institutions, restaurants and other organisations in USA, Europe and all other developed countries of the world will establish a parallel online setup. To establish that IT setup and to maintain that a huge amount of manpower will be necessary and that will be supplied by our India. In India setup of new IT companies will be established. Here employment opportunities will increase.
In case of marketing, the whole world will focus on digital marketing now. Even there huge quantity of manpower will be required. That will be supplied by our India because in digital marketing skilled manpower at much cheaper rates will be available in India compared to other countries. So, everyone will outsource from here.
So now, there is a very bright prospect before us but right at this moment what must we do? At this moment we will have to concentrate on the farmer class, the labour class, the poor and the
helpless. In any kind of crisis situation the poor goes through miserable condition the most. That they do not die of starvation the government and all the people must take the responsibility. That they can survive everyone will have to come forward.
If the poor helpless people adopt any evil path then nobody will be able to control them.
In order to keep everyone healthy, everyone must be taken care of.
The poor sacrifice everything for the convenience of the rich but the rich do not care for the poor. This kind of social system is not desirable at all. So, in the post-corona social system the rich will have to take care of the poor. Everyone will have to come forward for everyone.
The service holders will have to be given job security and the businessmen must be provided with financial assistance to survive.
The government has made the internet an inseparable part of our lives through the Digital India Mission, the benefits of which we are enjoying in this corona crisis. We are being able to use online education, banking facilities et cetera.
There was a time when smartphones were not allowed in the classroom. Now new classrooms have started in our smartphones. These are benefits of Digital India.
In Digital India the corruption has decreased much.
At one point of time many had opposed Digital India Mission but today its benefits are really exemplary.
Many had opposed the Financial Inclusion Mission that the government has started but now in this corona crisis we are enjoying its benefits. With the majority of the population having had bank accounts opened the government is being able to transfer money directly to their accounts. The mediators are not having to be involved. By involving the mediators most of the money used to go to their pockets. I think, in the future the Public Distribution System must be completely withdrawn and in its place if we can directly transfer money in the bank accounts of the poor that will be a better decision.
The farmers must get due price of their crops, the laborers should receive commensurate value of their labour and for that the government will have to form a special division.
If in the future the government and the public become determined to work laboriously with a healthy mindset according to a master plan then within 2025 India will transform into the third largest economy of the world. India will one day acquire the best position in the world.

Before corona Technological revolution, globalization, nuclear weapons, debt trap diplomacy are changing global order. After corona sustainable development will be the major key maker. India will show this path to the world.