+
How to restart the economy during COVID-19!
ECONOMY & POLICY

How to restart the economy during COVID-19!

Our Prime Minister has spoken. The lockdown has been extended to May 3, 2020. Millions of Indians are feeling let down with the extension of the lockdown. This ‘Lockdown’ hurt thousands of migrant workers  hard but eased the pressure on the health workers who are hard pressed to handle mounting patients. But how is life going to restart once the lockdown is removed? Do you think it will be business as usual? The lockdown has not solved anything. It has eased the pressure on our healthcare system by limiting the infections. The new normal will begin unfolding once the lockdown is lifted.

It is clear, that the new normal, until the vaccine is made available for citizens, much after the lockdown has been lifted, would include:

  • Home delivery
  • E-commerce
  • Digital banking
  • Video calls and Zoom/Skype meetings
  • Webinars
  • 25 per cent attendance in offices, public transport, public places
  • Sanitisation zones before you enter any commercial establishment
  • 20 per cent of traffic for travel and hospitality and so soaring air fares
  • Retail: 100 per cent essentials and groceries and 25 per cent on other items if not through e-commerce.
  • But with the GDP growth being projected at under 2 per cent, India needs to commence work for economic reasons by insulating itself from the vicious impact of the pandemic.

    Also read:
    Download Ministry of Home Affairs Order.
    Is the government doing enough to handle the crisis?
    Construction and Infrastructure can kickstart the economic engines 
    But what about small businesses? 
    How will the future Post-COVID19 unfold? 

    About the Author: A chartered account by qualification, Pratap Padode is the founder of ASAPP Info Global Group and his passion for infrastructure over last 20 years is reflected in the innovative thought leadership through 10 specialised journals, conferences and awards organised in the fields of construction, infrastructure and engineering. CONSTRUCTION WORLD was the first journal that he began with over 20 years ago. Further, he is the Founder & Executive Director of FIRST (Foundation of Infrastructure Research Studies Training), which was set up in 2003, that brings out research reports and newsletters on various infrastructure segments. He received the CIDC Vishwakarma Award 2010 for his research in the construction sector. Since early 2014, he has been promoting the cause of smart cities in India and is now Founder & Executive Director of the Smart Cities Council Ind

    Our Prime Minister has spoken. The lockdown has been extended to May 3, 2020. Millions of Indians are feeling let down with the extension of the lockdown. This ‘Lockdown’ hurt thousands of migrant workers  hard but eased the pressure on the health workers who are hard pressed to handle mounting patients. But how is life going to restart once the lockdown is removed? Do you think it will be business as usual? The lockdown has not solved anything. It has eased the pressure on our healthcare system by limiting the infections. The new normal will begin unfolding once the lockdown is lifted. It is clear, that the new normal, until the vaccine is made available for citizens, much after the lockdown has been lifted, would include: Home delivery E-commerce Digital banking Video calls and Zoom/Skype meetings Webinars 25 per cent attendance in offices, public transport, public places Sanitisation zones before you enter any commercial establishment20 per cent of traffic for travel and hospitality and so soaring air fares Retail: 100 per cent essentials and groceries and 25 per cent on other items if not through e-commerce. But with the GDP growth being projected at under 2 per cent, India needs to commence work for economic reasons by insulating itself from the vicious impact of the pandemic. Also read:Download Ministry of Home Affairs Order. Is the government doing enough to handle the crisis? Construction and Infrastructure can kickstart the economic engines  But what about small businesses? How will the future Post-COVID19 unfold?  About the Author: A chartered account by qualification, Pratap Padode is the founder of ASAPP Info Global Group and his passion for infrastructure over last 20 years is reflected in the innovative thought leadership through 10 specialised journals, conferences and awards organised in the fields of construction, infrastructure and engineering. CONSTRUCTION WORLD was the first journal that he began with over 20 years ago. Further, he is the Founder & Executive Director of FIRST (Foundation of Infrastructure Research Studies Training), which was set up in 2003, that brings out research reports and newsletters on various infrastructure segments. He received the CIDC Vishwakarma Award 2010 for his research in the construction sector. Since early 2014, he has been promoting the cause of smart cities in India and is now Founder & Executive Director of the Smart Cities Council Ind

    Next Story
    Real Estate

    DLF Returns to Mumbai with Premium Andheri Residential Project

    Delhi-NCR based real estate major DLF announced its return to the Mumbai market on 17 July with the launch of its premium residential project, The WestPark, in Andheri. The first phase includes 416 apartments spread across four towers, with two towers launched on the announcement day. The company plans to invest over Rs 8 billion in the project and expects a topline exceeding Rs 20 billion from Phase 1.“We have launched two towers and, given the strong response, plan to unveil the remaining two towers ahead of schedule, within the next few days,” said Aakash Ohri, Joint Managing Director o..

    Next Story
    Infrastructure Urban

    APCRDA Advances Net Zero Goal with IGBC Training for Officials

    In a significant stride towards Andhra Pradesh’s Net Zero target by 2040 and the Swarna Andhra 2047 vision, the Andhra Pradesh Capital Region Development Authority (APCRDA), in partnership with the Indian Green Building Council (IGBC), conducted a high-level capacity-building programme for senior officials in Vijayawada on Friday.Held at a city hotel, the session saw the participation of over 50 senior APCRDA officials, including the Engineer-in-Chief, Chief Engineer (H&B), Director (Planning), Director (Environment), and heads of key departments. The training centred on IGBC’s Green B..

    Next Story
    Infrastructure Energy

    Assam Solar Project Halted as Waaree EPC Contract Is Cancelled

    Following the Assam government’s withdrawal from its proposed solar project, the Engineering, Procurement, and Construction (EPC) contract awarded to Waaree Renewable has been suspended. Waaree Group’s EPC division informed the stock exchange of this development through a regulatory filing.The Assam solar project was suspended due to funding challenges, which rendered the initiative unviable for the state government. Waaree Renewable Transmission Limited (RTL) explained that the Government of Assam has withdrawn the project’s funding via the Asian Development Bank (ADB) loan. Consequentl..

    Advertisement

    Subscribe to Our Newsletter

    Get daily newsletters around different themes from Construction world.

    STAY CONNECTED

    Advertisement

    Advertisement

    Advertisement

    Talk to us?