Next Few Months Very Critical to revive the Economy of India.

As we all know what has happened in last 5 months due to lockdown.Every sector in the country was on lockdown leaving the FMCG sector for essentials products.Every other part whether the railways,airways,roadways was at complete halt through which there was no movement any kind in the country.International dealings also came to halt.

In coming months as everything is unlocking phase wise,it is important to maintain every sector their market size,market growth and new possibilities into different markets.There is also need of an great expertise in reviving the economy in a phase manner for the government.Due to having cash crisis for the MSME,and many other sectors government announced Rs 20 Lakh crore stimulus for the growth of the country due to this economic crisis.

Due to this fiscal deficit of the country is going to widen significantly.In June there was green shots visible as the economy started to revive and there was increment in the economy so it looked a good sign.As we also know that the global economic contraction is on cards.It is not only India but different countries as well who are announcing the stimulus packages to come out of such economic crisis.But it is not easy for every country to announce such large stimulus packages on their own they are taking hefty debts to avail the package to their citizens.

If we talk about India’s debt it is at the level of historic height,and interest rates are at historic lows,credit-driven growth is likely to be modest at best.In this case to grow independently Prime Minister Of India Narendra Modiji announced the vision to become “Atmanirbhar” it means not to depend on anyone make your own products.Due to this saying such as “Vocal For Local” are used by many people nowadays.It is clearly seen that slowly and steadily people will start using more “Made In India or Make In India” products so that economy will get a great boost to it.

So not only for India but for every country it is a crucial time for the next three to four months so that they can make their think-tank team and work on how the country can be recovered from such crisis.We hope for the best.