Govt: Phased unlocking has helped recovery across sectors | India News

NEW DELHI: The home ministry on Wednesday said the phased unlocking of the economy since June 1 had helped in recovery across sectors which was reflected in the latest economic indicators.
“With the phased unlocking of the Indian economy since June 1, high frequency economic indicators such as PMI, manufacturing, index of eight core industries, e-way bills, kharif sowing, power consumption, railway freight, cargo traffic and passenger vehicle sales have recovered and indicate growing convergence with previous year’s activity levels,” junior home minister Nityanand Rai told Rajya Sabha in his written reply to a question.
The government, he said, had announced a comprehensive package of Rs 20 lakh crore — equivalent to 10% of India’s GDP — to combat the impact of the Covid-19 pandemic. The lockdown was effective in containing the impact of Covid-19, Rai said. “It helped the country in bringing down the growth rate of infection, leading to reduced transmission of disease. This had a direct impact on reduction in case load, morbidity and mortality. The slowing down of the pandemic helped the country in augmenting the health infrastructure,” the minister added.
Stating that the Centre had been very proactive in prevention, containment and control of the disease, Rai said extensive measures were taken, including issuing a number of guidelines for citizens, hospitals, states, departments, ministries, employees etc.

Source link

Tracker News

Tracker News

Leave a Reply

Your email address will not be published. Required fields are marked *