Suhel Seth talks about the Make in India Initiative

Since the outbreak of the Covid-19, the world has been impacted in numerous ways. People had to adapt to the new ways of life. In the beginning, it took a huge toll on people’s lifestyle, health, and the economy. The world had come to a complete stop. Within the first few weeks of the lockdown, India’s economy witnessed an unprecedented decrease in the country’s GDP. All industries were completely shut down and the unemployment rate was spiking. However, the government slowly was able to take control of the situation. In this fight against the pandemic, the honourable Prime Minister of India, Mr. Narendra Modi launched the ‘Atmanirbhar Package’ on May 12. Under this initiative, the government allotted Rs. 20 lakh crore so that liquidity can be enhanced and the national treasure of the country is not compromised. The primary focus of the initiative is to make India a self-reliant country in every way. Many other improvements were introduced by the government to support the agricultural sector, real estate sector, judiciary, tax, etc. as well. The package also stresses upon building the ‘Make In India’ initiative. 

Many personalities came forward and appreciated it. Among the personalities, Suhel Seth, the founder of the consultancy firm Counselage and a famous columnist, boosted it further. He reckons that this is a great initiative and an amazing step to boost the economy of the country. Various industries and business sectors will be able to handle the post-COVID-19 situation better. According to Suhel, it will help to bring balance in the economy and the country will become self-reliant. This will make India identifiable in the global competitive market that will further boost consumer consumption and local production. As a result, it will improve the country’s economy. 

The Covid-19 situation completely crippled the nation’s economy and the recovery of the business sectors now completely lies in the hands of the government. So far, the government has taken initiatives and implemented strategies that have facilitated the recovery significantly. Suhel Seth appreciated the RBI Governor, Shkitkana Das for his efforts in sharing knowledge and insights about how to improve the economy. Also, Seth reckons that the Indian government should focus more on sentiment- recalibration. The only way to achieve stability is by understanding the consumer consumption dynamics. If the suppliers and consumers work together, an ‘Atmanirbhar’ Bharat can be created.

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Created on Mar 10th 2021 03:41. Viewed 250 times.

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