Authors : Dr.Sapna Ashish Nandeshwar
Page Nos : 4-7
Description :
The current world order has been substantially altered and this is bound to give rise to a new post-COVID dispensation. In this state of flux, space has been created for aspiring and emerging powers to take centre stage and help shape a new world with a better future for all.
The Indian Finance Ministry, in their Monthly Economic Review for April 2021 released on 7 May 2021, wrote that "economic activity has learnt to operate 'with Covid'".Since the beginning of the pandemic in India, poverty has increased, and livelihoods have been affected.
"The current year may as well end with an economic reset manifest of a post-COVID-19
world...Manufacturing and Construction will be the 'growth drivers', triggered by the PLI schemes and public capex in infrastructure," the review report said.
Just a year ago when the World Health Organisation (WHO) declared COVID-19 a pandemic1 and India imposed a strict lockdown in March, a deep despondency and risk psychosis became pervasive. Since then, lives have been lost, surviving life has been disrupted and lifestyles have been fundamentally altered.
In January 2020, as the GDP growth fell to a 42-year low (in terms of nominal GDP), PM Modi expressed optimism, stating: “The strong absorbent capacity of the Indian economy shows the strength of basic fundamentals of the Indian economy and its capacity to bounce back”.
Key words: -Post-Colonialism, Subaltern Studies, subordination, eurocentrism, Nationalism, Marxism, etc.
