Core Sector Decline by 6.5%

Core sector decline of 6.5% due to 24.7% cement decline is the first -ve economic indicator,that too for March with 24 days. April with complete lockdown will result in large decline. May also, many zones are not being eased due to them being hotspots. Only green zones might be eased.
Green zones need to restart all economic activities except Events. Marriages need to be restricted to less members. Construction industry activity will restart the unorganized sector workforce and also stop migrant labor migration back into their homes.
Lockdown is not a economical solution. It cannot also be a healthcare solution since it keeps people isolated but does not develop immunity. Lockdown cannot jumpstart an economy that has lost most bottom of the pyramid jobs due to nil economic activity barring essential services.
Comments (0)
Facebook Comments