Let this pandemic not devour our economy like a locust-Adish Bajaj
Adish Bajaj
We all are in a Fix, and admittedly our economy needs a very drastic overhaul. With average income of affluent and not so affluent dropped flat in April and May as compared to the start of the pandemic, the scenario in coming days unfortunately will be full of turbulence’s.We all are in a Fix, and admittedly our economy needs a very drastic overhaul
With less or few earnings,56% average fall in incomes, less savings, the financial health of nation has taken a massive beating. The in-word is spending on Absolute Essentials, in anticipation of worst. Collateral Collapse has to be avoided by infusing economy with real time and appropriate dose of funding to the badly affected business community, so that we as a Nation could emerge stronger and set an example to the entire World, who is watching us anxiously. We must not let this pandemic devour our economy like a locust.
Note: The Writer is a Tax consultant and expert in his field
June,1,2020
