Principal Economic Advisor Sanjeev Sanyal shares India's post-pandemic vision

Principal Ecomic visor Sanjeev Sanyal on Friday spoke exclusively to Republic Media Network on what government's next move will be to revamp ecomy and what its vision was for India in a post-pandemic world. 

"We have seen certain parts of ecomy as y have opened up, have come back on track. Wher you look at purchasers managing index, power consumption, railways freight movement. Wherever we have been able to open things up, of course, we have restrictions on some sectors like travel, hospitality, etc, but as se open up, we are getting demand back," said Sanjeev Sanyal. 

Expanding on this,  Principal Ecomic visor revealed that government's plan was two-fold, keeping in mind COVID-19 pandemic in country which was still prevalent. " idea is two-fold. One, still keep a big watch on COVID. It has t gone away, we have t beaten it, Europe and US show it can still come back, so we have an eye on that. But alongside, we will open demand up, get things going, give it a boost," he said.

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"We will do this through credit route, production-linked incentives, employment incentives, or supply-side measures, something which or countries have t done. We have alrey liberalized agriculture, and done away with BPO regulations that were strangling sector. We have always been back-office of world. Why can we t be front of office as well?" said Sanjeev Sanyal. 

Finance Minister Nirmala Sitharaman on Thursday anunced 12 new measures in series of stimulus anuncements by Central government to boost ecomy. Speaking about ecomy, she said re is definitely a strong recovery and quite a few indicators show that. She also said that demand is rising as country is seeing a downfall in active COVID-19 cases. One of major incentives that Centre has rolled for ecomy is permission to introduce Production-Linked Incentive (PLI) scheme across 10 main sectors to enhance India's manufacturing capabilities and exports.

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