New Delhi: Former PM Manmohan Singh has given suggestions to handle the economy that has been affected by the coronavirus epidemic. He said that three steps must be taken immediately to prevent the economic crisis. Let us tell you that the Indian economy epidemic was in the grip of recession since the starting of the corona outbreak.  GDP growth was 4.2 percent in 2019-20, the lowest growth rate in almost a decade.

According to the media report, Manmohan Singh said that the government should take three steps to alleviate the crisis and restore the economic normalcy in the coming years. First- the government should ensure the livelihood of the people and they have to strengthen their spending power by transferring direct cash. Secondly, adequate capital will have to be provided to businesses through the government-backed credit guarantee program. Third - the economic sector should be corrected through Institutional Autonomy and Process.

Let us tell you that Indian is focusing on making India a self-reliant country to improve the economy. GDP growth was 4.2% in 2019-20, the lowest growth rate in nearly a decade. The country is now unlocking its economy slowly and after being closed for a long time, but the future is uncertain due to increasing infection numbers.

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