Announcing this Pandemic corona Kal is little bit sarcastic because this must not stand for a long time. Over the last several months it had produced devastating results that shook this entire civilization of modern mankind deeply and profoundly. What it had perpetrate over the several months is far more than that could be happen in a ‘Kal’. Lakhs of people across the globe had loose their lives without committing any crime a direct verdict which did not even perform any trial or legal practices directly without any hearing clutched many lives brings a world of sufferings to their families nation and to the entire world.
Amid of this ongoing pandemic the Indian economy is facing Repercussion:
With the ongoing grief of many loosing lives and the infected ones and unimagined and numerous sufferings to their families there are also families those who are suffering live and terrible moments emerged because of ‘Hopes of returning home’, Extreme and harsh survival with the long routes to their homes, There is reverse migration swinging across the country on big level, poor living conditions continuous loose of livelihood without any social security and much more we are unable to create jobs hence employment in hands which had created a trauma and a significant question “will Indian Economy be capable enough to harness the demographic dividend in terms of employment opportunities ?”and why this question is crucial because the trends and symptoms our economy is projecting are intimidating. As per the foreign brokerage the India’s GDP forecast for this financial year will shrink by Approximately 2%,even some analyst predicted it to be as much as 5%.RBI had also expected a downfall in GDP in FY21(2020-2021).and as per a report India will can undergo recession in third quarter of this fiscal we already were the victims of Demonitisation India was running void of cash in hands hence demand was law already and with emergence of this Pandemic we run sort of incomes there is loss in incomes there is very meagre Employment there is definite depression in demand. apart from it banks also facing serious challenges because of bad loan levels and growing debts, banks NBFC’s are performing poorly risk Alienation increased as balance sheets of firms households grown weak .India is under lockdown since 25 march all the manufacturing across the country is at standstill there is disruption in supply and demand chain industries output shrank at 16.7% there is reverse migration is happening which country never sees before as all the manufacturing units had been shut down the backbone of employment the MSME’s facing tough time. we had obtained fiscal Deficiet in FY20 4.6% but due to cutting edge declination in GDP contraction the brokerage had revised it up-to 6.3%.All these above facts and figures trying to put the Portrait of our economy which is facing the tough time. Results and repercussions will be more intimidating.
There is huge challenge before the government how they are going to harness the demographic dividend of India which is India’s strength which was injected in 1980 and expected to end up-to 2040. Every fervent young hand need a job need a skill in his hand so that with his aspirations he can discharge its duties for nation building. Indian youth needs jobs creation apart from agriculture or Non-Agriculture Jobs. India’s spirit its youth needs a work in his hand. And it leaves a with a question Will Indian Economy be Capable enough to Foster employment for youths ? can we Harness the demographic dividend the real energy of Nation the INDIA ?