Senior leaders and experts in the agriculture sector like Sharad Pawar are also asking us to change our spending habits in the near future.
Noted economist and Nobel laureate Amartya Sen, former RBI governor Raghuram Rajan and another Nobel laureate Abhijit Banerjee said in their article published in the Indian Express if this situation is not handled properly, poverty in the country will increase and The risk of starvation may increase.
In the ongoing battle with the coronaviruses, perhaps mankind will get rid of coronavirus, in the near future; but after its end, whatever conditions are going to happen in countries like India, we will face a lot of economical crisis in the coming years.
Actually, the truth is that everyone is warning us about the financial crisis caused by the coronavirus, but no concrete solution is still available on how to deal with this economic downturn.
The government, no matter who it is, cannot achieve anything on its own and will not be able to deal alone with the situation of this chaos that is going on after the epidemic. So don't expect much from the government. Let them do their work.
The reality is that the middle class and poor people are going to be hurt the most by this economic recession in the near future.
The people belonging to the working in daily wages and doing small business can be in most danger zone.
Rich people won't suffer too much. Only their profit will decrease. But crores of people like us will become unemployed, due to which meeting the needs of our family will be a big problem.
Right now we are sitting safely in the house in lock-down. But sitting silently against the coming crisis can prove fatal for our future. Don't you think so?
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