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Hardcover Covid-19 and Social Security Programmes and Schemes in India Book

ISBN: 8177085123

ISBN13: 9788177085129

Covid-19 and Social Security Programmes and Schemes in India

With strong macroeconomic fundamentals, Indian economy was well-placed on the trajectory of steady growth rate when the outbreak of coronavirus epidemic, emanating from China, was reported. On March 11, 2020, the World Health Organization (WHO) declared the epidemic as a pandemic. Normal economic activities around the world came to a screeching halt as governments announced lockdowns to prevent the spread of the disease. India announced a stringent nationwide lockdown from March 25, 2020. Most of the economic activities in urban areas were halted. However, rural India continued to be normal in view of the exemption from restrictions allowed to farmers to conduct farming operations, including harvesting and transporting their produce to grain markets with the general conditions of face covering, hand hygiene and social distancing. Sensing the gravity of the situation, Prime Minister Narendra Modi announced, on May 12, 2020, a 20 lakh crore stimulus package which was about 10 percent of country's gross domestic product (GDP). It was named as Aatmanirbhar Bharat Abhiyan (Self-reliant India Initiative). The details of the 20 lakh crore package were announced by Finance Minister

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Format: Hardcover

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