From December 2019, the global pandemic Covid-19 (Corona virus), which began in China's "Wuhan Province", held the entire world in its claws by March 2020. More or less but in all countries, its side effects began to appear. By the last week of May, more than 300,000 people in the world have lost their lives. Surprisingly, in a large geographical area and the world's most populous country China the Corona epidemic was limited to "Wuhan Province" only, It did not spread to other areas. Inspite of preliminary information, precautions and medicines etc. the losses are lesser as compared to other countries.
In the 21st century, through communication technology, the entire world is assimilated. But "China" is still a self-centered and narrow-minded nation. China's leftist political system is covered in various veils, of a "dictatorial and imperialist" tendency. The economy, too, is expansionist. It is still "crooked pudding" to get real information on any subject from China. The truth of "China" to "Covid 19", is hidden behind many closed doors, it may take a long time to unfold. The reason for skepticism on China about the truth of Corona also increased because Corona has almost trampled the world economy. Whereas except for "Wuhan Province", all economic activity continues throughout China are normal and now even in "Wuhan", the life is slowly coming back on track. Whereas other countries of the world are facing a long "lockdown" situation, to protect the lives of their citizens.
Due to this epidemic, normal national and international "economic activities" have almost come to a standstill, all over the world. There is an additional burden on governments. Health services and administration, at various levels, and they are facing challenges and people are imprisoned in homes. India is no exception to this and is facing economic challenges. In order to protect the lives of Indian citizens from corona, from the third week of March, the country is under lock-down. The lock down is likely to continue for some more time.
In India, the first phase of lock down, from 25 March 2020 to 14 April 2020, was very strictly followed. Apart from essential services, all other economic and social activities were completely banned. "Jaan hai to Jahan hai", keeping that in mind, everything stopped. Trains, buses, air traffic were all stopped. People, too, followed this lock down with a lot of seriousness in order to be safe. During this time, in other countries of the world, this epidemic was showing its terrible form, in view of this, the situation in India was seen to be very much under control. India increased the production of drug called "Hydrochloroquine" in bulk, made it available in other countries including the US, in the first phase of lockdown. In addition, to deal with the problem of substandard 'PPE kits and masks' from China, on the government's directive, the Indian industry immediately started manufacturing and supplying "PPE kits and masks" to fight the corona. And within 1 month we started a new industry worth Rs.7000 Crores, starting from zero. Now not only India's needs are being met, but we are exporting to various other countries. It is also important to note that in this new industry, not only big industrialists are involved, but also those who run small industries as well as women of self-help groups. This experiment certainly opened up new opportunities for the Indian economy in a challenging situation.
It is also a matter of satisfaction that, by taking the right decision, at the right time, by locking down, the government not only disentangled the corona problem, but in this disaster, keeping in mind the future of Indian economy, got involved in the assessment of economic policy. The Finance Minister made several announcements in the fourth phase of the lock-down, i.e. in the third week of May, after contemplation, to reinforce the Indian economy, keeping an eye on global economies. The Prime Minister, for a self-reliant India, gave the slogan "Vocal for Local". After independence, perhaps for the first time, in keeping with the spirit of Mahatma Gandhi, the focus has been on the "backbone" of the Indian economy, cottage and small scale industries, and changes in rule laws have been made to promote them. They are really welcome. In the economic package of 20 lakh Crores, various small dimensions of the economy are also included. It may not be reflected in the "Sensex" fluctuations in the coming times, but at the grassroots, village-poor conditions, local employment will certainly have a positive impact.It may not be reflected in the "Sensex" fluctuations in the coming times, but at the grassroots, village-poor conditions, local employment will certainly have a positive impact.
In order to face the dire circumstances of "Covid 19", Indian citizens should work with 'self-defense and self-respect'. We should give new dimensions to our responsibilities. Because, "India" belongs to the citizens of India, and not to the elected government through voting, Government is intangible, citizen tangible. May be the instructions are of the government, conduct has to be done by citizens only. To bring life and the economy back on track, "Lock down 5 or Unlock One" has begun. On many activities, the ban has been lifted. 60 - 70 days is enough to understand, explain and put into practice anything. To avoid the ill effects of corona, citizens themselves have to take responsibility. "To protect himself and his family, 2 yards and 2 masks are necessary". For the last three-four decades, products made of China have dominated the world. China is being viewed with skepticism even in the global outbreak of Corona epidemic. Due to this, negativity towards China is increasing among the countries of the world.
Even with India, 'China' continues to get entangled in the border dispute. Even under these difficult circumstances, throughout the month of May, India is engaged with China Army which is trying to cross the border around the Ladakh. In the border areas, China has amassed about 5000 Chinese troops. This is, in fact, a sign of aggression against India. These are worrying signs. By the way, negotiations are going on at the military-level and diplomatic-level. But in such a situation, if all Indian citizens, with immediate effect, consider their primary responsibility to "completely boycott" of "Chinese products", China's economy will be hit hard, and it will be weak and such initiatives will boost the morale of our soldiers and their will also create a sense of respect and affection for families. During the lockdown, ordinary Indian families have also become, to a large extent, "self-sufficient and more Indian", without any major discomfort, with a sense of happiness and satisfaction.
At the economic level, on the basis of income scale, the population of India is divided into high income group, middle income group and low income group. The "high income group" constitutes only 1-2% of the population, and the "low income group" 22 – 23%, about 75-76% of the population belongs to the "middle income group". The middle income group is also classified into "upper middle class", "middle middle class" and "lower middle class". Originally for the middle income group, there is not much difference between ethics, thoughts, behavior. These are judged only on the basis of purchasing power. Therefore "status symbol" becomes very important here. It is very difficult to distinguish between the lower middle class, middle-middle class and upper middle class. The "Mool Mantra" of the middle class is 'Bandh ho mutthi to lakh ki, khool gayi to fir khak ki'. In the last few years, for almost 20 - 25 years, due to foreign influence, mall culture is flourishing in India. Where less 'local' brands are visible and 'foreign brands' with all the frills attract India's upper middle class. This "upper middle class" which mixes with the "middle middle class", falls into the category of "upper middle class" only and only because of "greater purchasing power". The "middle class" becomes the "propagandist" of "foreign brands". After the sixth and seventh "pay commissions" came into force and due to economic independence among women as well, the scope of "middle middle class and upper middle class" has increased considerably, reflects in economic growth, but due to "mall culture", rather than having a positive impact on the "Indian economy" it had fed the foreign brands.
Based on copying west, thriving "air conditioned malls" tend to have more "foreign brands and luxury goods", whose "focus target" is India's, "youth and economic growth and thriving middle Class”. The money spent here, directly and indirectly, serves to strengthen the foreign economy. Due to "Covid 19", "Malls closed for 2 months", meeting our normal comforts and daily needs may not have been much problem. So much so that "we too" should now understand that the "income" of your hard-earned "income" does not need to be spent too much on the foreign brands. Money can also be spent on "Indian luxury goods" and "Indian tourism" to "reinforce the feeling of "status symbol". Indian economy can be strengthened by this. There is a need to re define thinking. The slogan of "Vocal for Local" is synonymous with "aware" and "showing their power" to Indian "consumers" through the "FMCG" field. Owing to its industrial knowledge and business intelligence, "India had more than 50%" share in the "global economy" in the "Gupta period" and was called the golden bird. Despite hundreds of years of slavery and invasions by invaders, India's share of the global "GDP" ranged from 22–23 per cent until the "British" came to India.
The "Industrial Revolution", which took place in the West in 1500–1600 AD, had no effect in India at that time. All this was on the strength of an agricultural country and small and cottage industries business in India. The main task of the erstwhile rulers was not to protect the interests of the original inhabitants of India, but to loot and acquire property here and convert it. The British came and not only looted the limited prosperity, but also conspired to destroy it completely and also tried to create inferiority complex in Indian society. On the strength of the Industrial Revolution, the British tried to prove the western world was superior. Leaders such as Swami Vivekananda, Lokmanya Tilak, Netaji, Shaheed Bhagat Singh and Gandhiji, paved the way for Swabhimaan and Swaraj, by awakening the "soul" of India, and threading it into a sutra. For a long time, Gandhiji, who was the hero of various movements, got an opportunity to know and understand the potential of all regions of India and its citizens. Therefore, after independence, the Father of the Nation, Mahatma Gandhi, reinforced and emphasized agriculture, small and cottage industries, on the basis of centuries-old "economic policy", for the self-reliance of India, for the prosperity of the village-poor, farmer. The Popular "Charkha and Khadi" in Mahatma Gandhi's movements, was a symbol of this strong economic policy. In the blind race for industrial development we followed Western countries. Unknowingly, this led to economic - asymmetry, village - city, corruption, environmental pollution, etc., widening and deepening the "gap".
Generally, "agriculture" is the mainstay of industrial development. Industries generally get "raw materials" only from agriculture and allied sectors. India is an agricultural country. At the time of independence, more than 80% of the GDP came from agriculture related sectors. Still, 60 - 65% of the "GDP" is dependent on the agricultural sector. After independence, plans and policies and ministries were created for the small and cottage industries, but in reality, they did not get as much importance, honor and respect, which would make them "competitive". As a result, this area remained secondary. The special economic package has been announced by the Indian Finance Minister, with the aim of reviving the economy due to "Covid 19 and the lockdown". Keeping in mind the basic mantra of "Swadeshi and self-reliance" of Mahatma Gandhi and other independence fighters, with the encouragement and guidelines of Prime Minister Shri Narendra Modi, India's "first lady Finance Minister, Mrs. Nirmala Sitharaman Ji" gave additional incentives to established industry and service sectors. Efforts have been made to give more importance and promotion to agriculture, small and cottage industries in particular. In order to expand the "MSME" area and use the optimum probability, the maximum limit has been increased by 5 times. The limit of "micro" units has been increased from a maximum of One Crore to Rs 5 Crores. Similarly, the maximum limit for small and medium industries has also been increased from 10 Crore to 50 Crore and from 20 Crore to 100 Crore. To strengthen these units, foreign investors have been banned for government "tenders" of up to Rs 200 Crore at the government level, along with several types of loans.
Because of mistrust arising due to "corona", many foreign companies are moving out of "China". Many companies are also interested in coming to India. Along with the Government of India, the State Governments are also welcoming these companies, and are also striving to provide facilities along with necessary action plans. Falling growth rates, declining GDP rates due to "lock down", quarter-to-half fluctuations, even during the ups and downs of the Sensex, ordinary citizens need not worry much. The Indian economy is not based on mere "marketization". But, in a concrete way, lies at the foundation of agriculture and local small scale industries. Our large industrial houses, not only have the ability to secure growth and economy in a reliable manner, but also in the world, demonstrate India's industrial and commercial potential. Additionally, "Covid-19" has also given foreign investors an "opportunity" to invest more in India.