Power up the rural economy
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India, May 19 -- The pandemic and the resultant lockdowns put a temporary stop to economic activities across the globe, impacting millions of people and their livelihoods. The Asian Development Bank (ADB) estimates this loss to be around $4 trillion, which is nearly five per cent of the global Gross Domestic Product ( GDP ). As a young, developing nation with 65.97 per cent of the population still residing in the villages, the pandemic not only tested India's economic resilience but also exposed the growing urban-rural divide and income inequality. As we continue to step up our fight against the Coronavirus, we are certain that the post-pandemic world would be different from what we left behind. The rebuilding exercise should, therefore, ...
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