: Public services like anganwadis should not have been shut during lockdown: Jean Drèze #IndiaNEWS Global economic output is expected to contract by 4.9% in 2020 owing to the Covid-19 lockdown. India

Public services like anganwadis should not have been shut during lockdown: Jean Drèze #IndiaNEWS
Global economic output is expected to contract by 4.9% in 2020 owing to the Covid-19 lockdown. India announced a lockdown on March 24 which was extended over two months, and continues in pockets of states depending on the spread of the disease, which has now infected more than half a million people in the country.The lockdown impacted millions of inter-state migrant workers who form the bulwark of India’s economy, many of whom have been forced to return home to their villages in poor and less developed states, to face an uncertain future. On May 13, the government announced a Rs 20-lakh-crore stimulus package to revive the economy and its various sectors. But “what we need is not just a stimulus but also immediate relief for vulnerable households???, said Jean Drèze, development economist and social activist, in an interview with IndiaSpend. Putting money in the hands of poor people facilitates the revival of the economy by fortifying consumer demand, and helps to tilt the composition of the gross domestic product towards goods and services that are consumed by the working class, he added. There is “much talk of reopening the economy, but reopening public services is no less important???, said Drèze, suggesting that the government needs to put more food...Read more

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