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Puru BhatnagarTop Contributor
Business Analyst, Entrepreneur, Business developer, Marketer
Asked a question 2 years ago

What are your views on fund allocated by government for poor during this outbreak?

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Puru BhatnagarTop Contributor
Business Analyst, Entrepreneur, Business developer, Marketer

So this is my view on the relief package given by government to poor people during this pandemic outbreak.

This is true that developing nations liks India are struggling more as the the economy is slowly growing and expanding but in this outbreak has imposed a lockdown on it many daily wage worked find it difficult for them to survive and the decision that government take to help them is appreciable.

But if we look at the other side of this package which is posing a big hurdel for the economy in coming days is big.

As we know before this pandemic Indian economy is also suffering from slow growth and the manufacturing sector was also suffering from bad growth and then this lockdown.

If we also look at the middle class of the country there were not much announcement made for them too, the exemption from paying loans installment was made but the interest will be added in the original amount.

so overall what i want to say is that although the announcement for such packages is a need for an hour but at the same time the impact it is going to have on economy will be significant.