Don’t miss the latest developments in business and finance.

Covid-19 crisis: Green shoots visible in the economy, PM Modi tells CMs

In a similar forum on Wednesday, he will meet CMs of some of the worst-hit states including Maharashtra, Delhi, Gujarat, Tamil Nadu, and Uttar Pradesh

Narendra Modi
While warning against complacency, he said timely action had prevented a potential catastrophe but India was recovering rapidly
Aditi Phadnis New Delhi
2 min read Last Updated : Jun 17 2020 | 1:45 AM IST
On a day when India’s Covid-19 tally crossed 340,000 and the death toll hovered at around 10,000, Prime Minister Narendra Modi complimented the country for its recovery rate at over 50 per cent. 

Almost two weeks after the nationwide lockdown was relaxed, the PM in a virtual interaction with chief ministers of some 21 states and Union Territories said on Tuesday that green shoots of economic growth had started showing. 

In a similar forum on Wednesday, he will meet CMs of some of the worst-hit states including Maharashtra, Delhi, Gujarat, Tamil Nadu, and Uttar Pradesh. 
While warning against complacency, he said timely action had prevented a potential catastrophe but India was recovering rapidly.

In his meeting with the CMs Punjab, Kerala, Goa, Uttarakhand, Jharkhand, the Northeastern states and some UTs, the PM said the economy was fast reaching the levels where it was before the pandemic had hit India while referring to cooperative federalism in dealing with the Covid crisis. 

Almost all offices (public and private) were open, people were returning to work and the streets were busy with commuters, he pointed out. In a reminder of what it took to save a large part of the population from the infection, the PM told the chief ministers that discipline of washing hands frequently and using masks needed to continue.
There was more good news. Power consumption was rising, the PM said. Also, the amount of fertiliser used in May was double the consumption same period last year. In comparison to 2019, area under kharif sowing had gone up as well by 12 to 13 per cent. 

Two-wheeler demand and production had virtually hit 70 per cent of pre-lockdown levels. Digital payments in the retail sector were showing improvement. The PM added that toll collections in May had shown a healthy jump — a sign of economic recovery. After export weakness for three months, there was a bounce back in June. 

Topics :CoronavirusLockdownCoronavirus VaccinePM Narendra ModiPM Modi

Next Story