To sum up
We can reasonably hope that Corona virus damage to human lives will be relatively less and tolerable. Incidentally, in India, on an average 377 people are killed in road accidents every day, so lockdown should save 8000 lives in accidents. At the same time, India has an unprecedented opportunity for a very strong economic acceleration for the next decade. It’s convergence of opportunity for the government to put together a large ambitious revival stimulus package, combined with benefits of low oil prices and getting a share of global MNCs’ sourcing, as they plan to reduce their over dependence on China. Now is the time for India to dodge the virus bullet, offer a silver bullet to the economy and bite the bullet on big reforms.
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