Covid 19
Covid 19 is a severe crisis for entire entire including India. Lockdown has created unprecedented situation for all nations. It is not limited to health of the citizen but economic health of the nation. Entire Europe and USA could not face the challenged imposed by the Coronovirus originated from China.
India's timely decision to lockdown the entire country has limited the speed of the spread of virus, however it is a matter of debate that whether there was a proper planning and preparedness before 24th March 2020 when the lockdown of entire nation for 21 days was began.
Our federal structure allows the central government to play the role of facilitator to the state governments. The center orientated constitution allows the central government to have final says in the economic matters so far the nation as whole is concern. Governments and institutions all over the world including India have now admitted on records that coming months and years are severe challenge in the economic front.
China will dominate the world economy in coming months however it is an opportunity in guise for India to revive its economy. It is a time when the Federal government has to seriously consider the devolution of economic powers to it units for the overall and holistic development of the entire nation.
In India, the economic development is confined to certain areas/regions and this a crucial time when the undeveloped areas which are unaffected by Covid 19 can be allow to develop to solve the social and economic problems of India.
There are various districts and regions in various states where there is no coronovirus or it has been successfully contained. The central government must encourage and advise the state government and industry people to set up industries in those areas where it can be immediately commences.
As per the media reports, there are no medicine available in the market and there is no possibility of vaccine till the end of this year
Japan will spend 2.2. billion dollars to shift their companies from China back to Japan or re-located in South East Asia ( Indian Express 20.04. 2020, Virus and One Party State)
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