To ensure better economic recovery, the government needs to create fiscal support measures and quicken the pace of vaccinations. Explain (200 Words)
Refer - The Hindu
Enrich the answer from other sources, if the question demands.
IAS Parliament 4 years
KEY POINTS
· Index of Industrial Production (IIP) estimates show all three sectoral constituents of the index mining, manufacturing and electricity suffered reverses.
· Manufacturing, which accounts for 77.6% of the IIP, saw production shrink 12.6%, and contributed significantly to a 13% sequential contraction in overall industrial output.
· Output of capital goods and consumer durables also lagged the corresponding 2019 levels by 14.3% and 11.6%, respectively, signalling that the outlook for investment in production capacity and discretionary consumption remains disconcertingly weak.
· the Composite PMI Output Index slid from 55.4 in April to 48.1 in May indicating a moderate reduction in activity.
· To ensure an abiding recovery, the government needs to expedite targeted, demand-creating fiscal support measures and drastically quicken the pace of vaccinations.
· The quick pace of vaccinations will help people to avert pandemic in future.
· Vaccinations also create better awareness among people and help them to take measures accordingly.
· Vaccinations need to affordable and be made available to all, this is the responsibility of state government as health is a state subject.
· Also, cooperative federalism is required to prevent the spread of infection at appropriate time, there by preventing economic crisis in the country.
Cibi Siddharth 4 years
kindly review and provide suggestions sir /mam
IAS Parliament 4 years
Try to add few more points on vaccination and integrate with economic recovery. Keep Writing.
Abdul hakkim 4 years
Please review mam/sir
IAS Parliament 4 years
Try to include data to support your arguments. Keep Writing.
Tapasvi 4 years
Kindly review
IAS Parliament 4 years
Try to explain the flowchart. Keep Writing.
