India's Coviid-19 answer reflects its top 5 global economies

India's Coviid-19 answer reflects its top 5 global economies

The country has shown leadership for example and should be ready to continue in charge.

Bangalore: India is today the fifth largest economy in the world in terms of nominal GDP. The United States is at 21 21 trillion, followed by China at 15 15 trillion, Japan at 5 5 trillion, and Germany at 3. 3.86 trillion. India is at 2.96 trillion. We recently surpassed the UK by 86 86.286 trillion.

The epidemic of code spread immediately after entering India's top 5 economy rankings. The Indian government's responses, first on the health and social fronts, and now on the economic front, reflect India's position in the top five economies.

The difference is also noticeable in terms of population per million. While the United States (4,321), Italy (3,673), the United Kingdom (3,384) and Spain (5,798) have the highest number per million, India stands at 57. This is a clear indication of India's strong response to epidemics. As a result of insufficient testing, we can no longer reject these numbers. As diagnostic kits declined globally in mid-March, several Indian companies developed affordable and high-quality diagnostic kits. Many private and public labs across the country were certified and cleared for testing. India's testing capacity is now 1 lakh per day.

Similarly, the number of deaths due to the virus in India has come down to 2,564 with a population of 2 / million - from the United States (257), Italy (514), the United Kingdom (489) and Spain (580). Is in competition. Lockdown and social distance have prevented more deaths in India. Statistics per million show that the Indian government takes the lead in screening incoming international traffic, followed by domestic quarantine, separate facilitation, complete lockdown and location, contact tracking and medical. The response has been successful. Given that India is the world's second largest population - 1.38 billion people - this is an amazing feat.

With the exception of a few hotspots like Mumbai, India has also successfully set up hospital preparation routines across the country in the hope of anticipating a higher case. We have 130,000 hospital beds for ICU and oxygen-assisted Cove 19 patients. According to reports, the utilization rate is less than 1.5%. An additional 645,000 solitary confinement beds have been provided for suspected cases and complications. We have created the ability to go into simultaneous lockdown to prevent spread across the country.

In parallel, India has embarked on a vast internal manufacturing drive in recent history. When Coyote-19 landed on our shores, we realized how much our health and economy were at risk because we depended on imports for every essential ingredient we needed. Diagnostic kits, PPE, N95, masks, respiratory aids and more. In two months, we have turned it around and set a new standard for high quality, affordable products and requirements. If we maintain this momentum for local innovation and local manufacturing, India can become an export economy by increasing manufacturing capacity, meeting domestic demand, and then exporting surplus.

Although India is the only major economy to go into complete economic lockdown initially in the war against cowardice, many have wondered whether giving priority to livelihood over life was the right decision. Prime Minister Modi's May 12 announcement of an economic package of Rs 2 million crore to sustain and revive the Indian economy shows that the government is neither providing for the lives of the people nor their livelihood. Agree to compromise. In G-20 economies, India has the fifth largest economic relief and stimulus package in terms of GDP; a transla of Rs. 20 lakh crore translates to Rs. Japan leads with 21% or 1 1.1 trillion in GDP, followed by the United States (.3 2.7 trillion at 13.3% of GDP), Australia (10.8%) and Germany (10.7%).

The statistics are clear - India has responded well to the epidemic so far.dimension In the health dimension, the government has made life safety a top priority with a complete lockdown and has managed to keep the case and death count low.

In the social aspect, a package of Rs 1.7 lakh crore was released to help 800 million people under the pyramids during the lockdown with an initial Rs 500 food security and DBT revenue support.

On the economic front, the Rs 2 lakh crore package is being announced in detail with increasing support for MSMEs, tax benefits and farmers and rural workers.