What are the measures to control economic fall down and the threats of drowning GDP. Sustainable development is the only option left with us!
This PPT focus on 3 main sectors :
Agricultural, Industries and Public transport sector.
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Introduction to Health Economics Dr. R. Kurinji Malar.pptx
Economy booster control measures for sustainable development in and after COVID-19 Pandemic
1. A Presentation on:
“Economy Booster Control
Measures for
Sustainable Development In and
After
COVID-19 Pandemic”
BY- THE POST MILLENNIALS!!
-RIDDHISH KATHAR
3. AGRICULTURE SECTOR
SHORTAGE OF LABOR
AND LOGISTICS
CATTLE HEALTH
ISSUES
SUPPLY GULT LEADING TO
TRAUMA
FINANCIAL CRISES
CURRENT
SCENERIO
4. Means for Reformation
• Using GMOs to reduce the post harvest loss.
• Digital technologies (E-Commerce)
• Development of automated Sowing/harvesting machines.
• Counselling of farmers in order to spread awareness and moral
support.
CASE STUDY: Evaluation of Agricultural Policy Reforms in Japan
• Food security policy should reflect the fact that the most important risk in world food markets has to do with
price rather than quantity.
• Promoting locally-produced food is a constructive approach to increasing the selfsufficiency rate.
• Rural policy should be distinguished from agricultural policy.
• A focussed approach to multi-functionally significant agricultural areas is more likely to be successful.
5. Government Policies
• Pradhan Mantri Fasal Bima Yojana (PMFBY)- Crop Insurance
• Livestock insurance Scheme
• E-NAM- An initiative under PAN India to help farmers gain
maximum profit by eliminating mediator commissions.
• PM-KISAN (Pradhan Mantri Kisan Samman Nidhi) Scheme
• Micro Irrigation Fund (MIF)
Futuristic Approach- Some extra policies that GOI can
implement to cope up with Pandemic.
• ICAR must train farmers about changing farming methods and aware them
about the precautions they need to take even after COVID-19.
• Reform Land leasing regulations in order to encourage more people to join
agriculture.
• Subsidies should be provided to the manufacturers of Automated
machines so that farmers could buy them at low prices.
• Promoting open “Mandies” over malls.
6. MANUFACTURING INDUSTRIES
UNCERTAINTIES IN
LOGISTICS LEADING TO
CASCADING EFFECT
END USERS
POSTPONING THEIR
DEMANDS
SLOWER RATE OF BANK
OPERATIONS
JAMMED AND
OVERLOADED
COMMUNICATIONS
LESS EMPLOYEES PRESENT
FOR WORK
CURRENT
SCENERIO
Major Industries affected due to
COVID:
1. Automobile
2. Pharma
3. Textile
4. IT Companies
5. Electronics
6. Solar Power
7. Sports and Fitness
7. Current opportunities
• Reduce over reliance of world on China for manufacturing.
• Current trade wars hoon on in the world.
• Availability of cheap labour in India.
• Comparatively higher working age population in India than the current world's factory China.
• Promoting the MAKE IN INDIA initiative to attract foreign companies to set up their bases in
India
CHALLENGES
• Rising competition from peer nations
• Effective Policy Frameworks
• Poor infrastructure
8. Government Policies
• Make in India
• Start-up india
• Pradhan Mantri Mudra Yojana (PMMY)
• Stand Up India
• Credit guarantee trust fund for micro and small enterprises (CGTMSC)
• AATMANIRBHAR BHARAT and BE VOCAL FOR LOCAL
Futuristic Approach- Some extra policies that GOI can
implement to cope up with Pandemic.
• Reduce the bank rate 4.65 per cent from 5.40 per cent with
immediate effect
• Revised MSME definition
• Faster loan approvals for MSME’s in INDIA
• Global tenders disallowed in government procurements upto
Rs. 200 Crores.
9. PUBLIC TRANSPORT SECTOR
It is now widely acknowledged that the scale of the
economic damage caused by the Covid-19 pandemic will
be far greater than that caused by the 2008 global
financial crisis, globally as well as for...
➔ Fiscal Conundrum
It is almost certain that the government will not be able to adhere
to its fiscal target for 2020-21 and will most likely breach it by a big
margin.
➔ The Risks To Print-And-Spend
All efforts to flatten the Corona curve would steepen the yield
curve.
➔ Financial Freeze?
10. Opinion | India’s opportunity for sustainable growth
• The recovery efforts from the fallout of the COVID pandemic present the country a chance to make systemic
changes for sustainable development
• This crisis has also demonstrated that governments and individuals are capable of strong action in the face of an
overarching challenge
• Regulate enabling technologies. It is useful to consider that the future may see greater employment in the gig
economy and e-commerce sectors, as well as in new technologies that can help support future response and
resilience mechanisms.
• Encourage long-term change in behavior. The current crisis has changed patterns of consumption.
Electricity usage patterns have shifted as people are working from home on more flexible schedules.
11. 3 WAYS
3 Ways Governments Can Support A Sustainable
Economic Recovery From COVID-19
➔ Incentivise households to become
more energy-efficient and balance
power usage
➔ Develop citywide infrastructure to
promote cycling and walking
➔ Collaborate and educate the public
on energy reduction measures