India Will Be Back On Pre-COVID Levels In Jan- Mar 2021
Shri Hardeep Singh Puri, Hon’ble Minister of State (Independent Charge), Ministry of Housing and Urban Affairs; Minister of State for Commerce & Industry; and Hon'ble Minister of Civil Aviation, Government of India Considering the impact on livelihood, the Government decided to open up the economy in a calibrated manner and as a result now India is on a recovery path. On the back of recent recovery in economic indicators and country’s strong economic fundamentals, there has been a notable improvement has been seen in economic and business indicators in the recent months such as IHS Market manufacturing PMI, GST collections, among others. As the fundamentals are strong, India will be back on pre-COVID levels in January - March 2021. The challenge posed by the impact of COVID-19 also presents an opportunity. The agenda of the government is to improve and implement the economic reforms. Urban programmes, which were conceptualized back in 2014 are nearing completion and it is again the time to begin discussions moving forward. He said that as India will have around 600 million people living in the urban spaces by 2030, therefore, there is a need to build a new India in green and sustainable manner. There has also been a silent growth in number of people travelling by air in last couple of years. In this regard, the Government is working on building new airports and arranging for new aircrafts to support this growth. The pandemic has given an opportunity to make assessment of the vulnerable sectors of the economy and taking steps for their rejuvenation. Government is ready to work with the industry to fulfil the gaps in manufacturing sector, whether it relates to physical gap or the policy gap.
Tags : Interviews Hardeep Singh Puri economy Government of India COVID-19 Ministry of Housing and Urban Affairs; Minister of State for Commerce & Industry Hon'ble Minister of Civil Aviation manufacturing sector