Corona Crisis: Economy Will Take Hit, Prioritize Health Services
PM Narendra Modi second address on coronavirus situation: how India is going to respond
Photo Credit : Meenakshi
In the announcement of 21 days of lockdown across the nation, Prime Minister Narendra Modi shares that the lockdown will entail a major economic cost for the country. With the primary focus being saving the lives of every citizen, the central government announces allocation of Rs 15,000 towards strengthening national medical infrastructure. Also, he has advises all state governments to prioritize health care as their priority.
Recently, industry body PHDCCI stated that the coronavirus outbreak may negatively impact global growth by 30 basis points or USD 250 billion. Speaking on serious the situation is, PM in his address shared that if the next 21 days are not managed, many families will be destroyed forever. In these challenging times, PM acknowledged the private players in standing united. However, earlier industry body Confederation of Indian Industry (CII) has sent a recommendation to exempt certain services such as e-commerce (delivery boys and supply chain vendors) from the imposition of lockdown. Taking this stringent measure of complete lockdown from the center has shown how grim the situation is for everyone. “The cycle of transmission must be broken if we have to defeat coronavirus,’ he said.
Elaborating further on the need for the lockdown, PM shared that the only countries which have been able to control the corona outbreak were the ones where citizens followed government directions to the word, despite countries like Italy and the USA with best health infrastructure couldn’t. In this lockdown, the role of government services to provide the essentials is paramount. PM informed that all the steps to ensure continuous essential supplies are being made. The training of medical and paramedical manpower will also be undertaken, he informed.