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1 |
ID:
173617
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Summary/Abstract |
Neo-liberal world economy has faced yet another setback within a decade of world financial crisis in 2008. While the earlier crisis was due to economic reason, this time the crisis stemmed from natural pandemic and associated economic stalemate.
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2 |
ID:
173611
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Summary/Abstract |
In comes March 2020 and the whole world got sucked into a new way of life. The changes to life that we are living today after March 2020, reminds me of our childhood days, when we, as students, were using ink pens. Poor ink, had no control over itself; inside ink bottles till it is opened, spilled on the floor due to inappropriate handling by us as a kid, then it got sucked into the dropper to be dropped inside the pen for writing and ultimately to be dried in the sheet of writing paper and the ink felt liberated.
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3 |
ID:
173603
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Summary/Abstract |
Let us start from a mundane level. First let us see what we mean by the term change. The concept of ‘change ‘denotes a difference in anything observable over a specific period of time. It may also mean the process of being different in any sense (Chakrabarty, 1978). On the other hand, economic change refers to a shift in the structure of an economic system. This change results in changes in societies, cultures and everyday life on a global or national basis. Economic development is a mechanism which greatly helps to accelerate the process of economic change in the country.
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4 |
ID:
173615
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Summary/Abstract |
Today world is facing the unprecedented situation due to Covid-19 where the world is almost on standstill or under full lockdown. All economic, political, religious and social activities have been suspended or limited to minimum around the globe.
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5 |
ID:
173605
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Summary/Abstract |
This year since February has witnessed the rapid spread of a pandemic named Coronavirus a.k.a Covid-19. The pandemic is still spreading and has been diagnosed in millions of people with hundreds of thousands of demises. There is no cure for this as yet undecipherable virus that appears to mutate leaving behind devastated families and economies on the brink.
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6 |
ID:
173610
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Summary/Abstract |
India and China jointly developed and signed the Five-Year Development Programme (FYDP) in September 2014 to lay down a medium term road map for promoting balanced and sustainable development of economic and trade relations on the principle of equality and mutual benefit. The programme, inter-alia, recognises that trade deficit with China is a matter of high concern for India.
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7 |
ID:
173604
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Summary/Abstract |
The post-covid challenges of Indian economy need to be assessed in the background of its pre-covid slowdown. Ever since the launch of economic liberalization in 1991, India has registered an impressive growth amidst disturbing trends in between. In 1980, India economy with the GDP of $190 billion was 13th largest economy in the world.
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8 |
ID:
173607
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Summary/Abstract |
When Prime Minister of India, Narendra Modi appeared on National Television on March 24, 2020 to announce Lockdown 1.0 for 21 days, he said, “Jaanhai to Jahan Hai” (It meant only if there is life that there would be livelihood).1 The country was stunned with the spread of COVID-19 virus at a galloping speed across different states of India
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9 |
ID:
173609
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Summary/Abstract |
Unraveling the mystery may still take some time, in terms of whether the COVID-19 is the result of some natural genetic mutation of Corona virus or is it an ‘lab-made Chinese virus’, but at present the pandemic has unleashed a range of challenges for governments at the domestic front.
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10 |
ID:
173606
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Summary/Abstract |
The coronavirus has struck India together with 212 other countries with millions of people infected around the world. Every day the count is steeply rising of affected. Indians despite one of most stringent nation-wide lockdowns in the world. If the first 100,000 cases of infection in the country took 110 days, the next 100,000 took only 14 days! If the viral contagion is not contained in the coming months, it portends a public health emergency.
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11 |
ID:
173616
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Summary/Abstract |
Necessity for innovation and investment in healthcare sector has been projected in the article to enlighten the general public on healthcare system. The question has been examined on the persistent use of lockdowns for the security of the life of the people. Equal importance has been given to seek alternatives for economic recovery and improving confidence on self-reliance by developing a competitive economy. Dependence on other countries should be reduced to improve the art and skill of localization and the spirit of cooperation for united efforts.
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12 |
ID:
173612
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Summary/Abstract |
The COVID-19 pandemic has unleashed its reign of horror and debilitation across the globe and nation-states are grappling, almost in an unprecedented manner, with its social, economic, political and humanitarian consequences. With the number of pandemic cases spiraling by the day (the figure of the affected in India has surpassed 5 Lakh as of end June 2020), the world is yet uncertain of a medical panacea and countries across the globe are destined to “live with” the pandemic at least in the immediate future and address the challenges it has unfolded in various domains.
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13 |
ID:
173618
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Summary/Abstract |
In his Asian Drama: An Inquiry into the Poverty of Nations, Gunnar Myrdal had precisely countries like India in mind; when he talked about soft state. The word “soft” refers to a general societal indiscipline prevalent in South Asia as well as much of the developing world. This gets reflected in our inability to adhere to standards, enforce the law and maintain discipline.
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14 |
ID:
173608
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Summary/Abstract |
As the Indian Government pushes for a Atmanirbhar Bharat, in one field we are very much there, that is our National cellular connectivity, which is the foundation for the Government’s universal IT services that offers to take development to the people and integrate all IT services in the country. Revival of BSNL-MTNL is a step in that direction.
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15 |
ID:
173613
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Summary/Abstract |
The Corona Financial Crisis (CFC) is quite different &much worse than its predecessor Global Financial Cries (2008-09), and has turned Indian as well as global economies, further into deadlock turmoil, which was already on the downfall trajectories due to prevalence of different set of factors at global & Indian domestic levels.
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16 |
ID:
173614
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Summary/Abstract |
World Trade Organization (WTO), despiteits apparent lethargic performance during last ten years, has emerged as a torchbearer of the economic globalization during last 25 years. It has also provided with an opportunity to India to integrate its economy with the global economy. While the process of integration of Indian economy with the global economy is underway, agriculture and allied sector has not been benefitted in a big way from the WTO.
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