We have been tracking this infection since March when it came to India and we had to declare the lockdown.
Today, 2 months on, we are at a different phase in the economy. The first phase of lockdown and defense against this virus has been by and large successful in India. We did not have a massive early spike in cases. We did far better than Spain and Italy and USA in the early phase. We have been able to set up Covid hospitals, track infection cases, close our borders and airports and more or less, slow initial infections. The statistics today is that we have 125,000 infections and 3,720 deaths from the infection. This is a very very small number for India’s population.
After the very strict lockdown 1.0, we have had lockdown 2.0, 3.0 and now 4.0. The fact of the matter is that the economy has suffered immensely. Crores of people lost their jobs due to the lockdown. Many had to migrate back to their native places due to loss of wages. The economic losses are much more severe from the economic slowdown. Now that the infection is in control, we need to reverse our losses and regain the momentum. Even as we take sufficient precautions.
Both demand and supply were frozen, and it will take a massive effort from each of us for the economy to regain momentum. Its now time to open up our economy and as far as possible, get back to normal. We have to understand that this virus will not go away, it is we who have to adjust to it. Even as we maintain social distancing, and wear masks, and wash hands regularly, the important thing now is to dive back into business and some semblance of normalcy.
At JainMatrix Investments, we want to encourage India to get back on Track, so we are going to publish a series of articles and track stories in this space. Here we go, click LINKS:
AFTER 2 MONTHS, FLIGHTS ARE BACK – 25th May
HOW INDIA INC. GOES BACK TO WORK, LEADERSPEAK (Eco Times) – 25th May
A THIRD OF NSE MFG FIRMS BACK AT WORK (Eco Times) : 23rd May
MAHINDRA FACTORY – COVID CARE READY – 23rd May
India Gets Back on Track – 23rd May
We actually wrote about the need for a lockdown in Mar 2020 – CALL IN THE INDIAN ARMY TO HANDLE THIS EMERGENCY
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