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Out of suffering have emerged the strongest souls; the most massive characters are seared with scars.” — Khalil Gibran Till mid-April, as many as 10,453 novel coronavirus cases were reported across India, with 358 fatalities. Prime Minister Narendra Modi’s decision to extend the lockdown imposed on March 24 till May 3 therefore, did not come as a surprise at all. Lockdowns and restrictions on movement have stifled economies across the globe, disrupting supply chains and creating shortages of labour. An Asian Development Bank report estimates that regional growth in Asia will decline from 5.2 per cent in 2019 to 2.2 per cent in 2020. In India the pandemic chokes an economy that had already turned sluggish. A recent report by the Federation of Indian Chambers of Commerce and Industry (FICCI) emphasises that the pandemic could derail India’s growth story. Finance Minister Nirmala Sitharaman has announced a Rs 1.7 lakh crore relief package for the poor. A package for the MSMEs is expected soon. Meanwhile, the losses of the aviation sector mounted to $4-5 billion in the first three weeks of the lockdown, while those of the automotive industry were at $2-3 billion. Losses of trucks and other logistics businesses are in the region of $5 billion. The textile and apparel industry has lost $12-15 billion in earnings, while travel, tourism and the hospitality sector saw losses magnify to $60-65 billion . India’s reputation by reaching out to other nations in this hour of need. In a sense, he has turned The Indian business community, which creates employment, contributes to the country’s GDP keep it going. Our report on agriculture talks of how the agrarian economy could move back in time, it. As Benjamin Disraeli said, “There is no education like adversity”. Happy Reinvention

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