Vikrama Simhapuri University, P. G. Centre, Kavali, Department of Economics & Adikavi Nannaya University, Department of Economics Organising WEBINAR ON ROLE OF ATMANIRBHAR BHARAT ABHIYAN IN INDIAN ECONOMY DURING POST COVID-19 SCENARIODate: 16-06-2020 Time: 10.30 A. M to 2.45 P. M
COVID-19 crisis has caused an unprecedented collapse in economic activities across the globe and Indian economy is not an exceptional. According to International Monetary Fund (IMF), the global economy is expected to shrink by over 3 per cent in 2020-21, the steepest slowdown since the great depression of 1930, much worse than during the 2008–09 financial crisis. IMF has projected that the Indian economy to grow at 1.9% in 2020-21. The pandemic causes a significant impact on individual lives, Industries and businesses in the country. COVID-19 pandemic has had devastating effect on migrant workers and daily wage earners. They lost their livelihood due to lockdown and this has created issues including starvation, separation from family and no alternative forms of employment which results in lakhs of migrants have been forced to walk for days in order to reach their native places. COVID-19’s impact on agriculture sector has far- reaching effects beyond food security. MSME sector that forms the backbone of the Indian economy have been the worst casualty of COVID-19 induced lockdown due to their size, scale of operation and limited financial and managerial resources. To combat the COVID-19 crisis the Govt. of India announced Atmanirbhar Bharat Abhiyan, an economic stimulus package of Rs. 20 lakh crore with intended objectives of interim measures such as liquidity infusion and directs cash transfers for the poor and long term reforms in growth critical sectors. The details about the package were announced by the Union Finance Minister Smt. Nirmala Sitharaman in 5 tranches. These tranches were announced by the Finance Minister via press conferences from May 13, 2020, to May 17, 2020. The package included Rs 8 lakh crore in liquidity measures announced by the RBI. The government will also provide a 100% guarantee to Rs 3 lakh crore in small business loans. This may helpful to revive the economic activities and create new opportunities for growth in sectors like agriculture, MSMEs, Power, Coal and Mining and service sectors. In this back ground, it is proposed to organize a webinar on “Role of Atmanirbhar Bharat Abhiyan in Indian Economy during post COVID-19 Scenario”.
Objective of the Programme: This programme aims to bring together Academicians, Professionals, Research Scholar and students from India. The highlights of the webinar is to give opportunity researchrs and academicians and students to fulfil the following objectives.
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విక్రమ సి౦హపురి విశ్వవిద్యాలయం
VIKRAMA SIMHAPURI UNIVERSITY
Nellore - 524 324, Andhra Pradesh, India
(Accredited with NAAC 'A' Grade (CGPA 3.23)) AISHE CODE: U-0044
