The world economy is at a standstill. Thanks to ensuing periods of quarantine and lockdown, economic growth has been arrested to a point of seizure. In the midst of an ongoing trade war, global pandemic and slumping economic growth of China, the world’s desire to shift its engines of manufacturing and development away from China can’t be overstated. Consequently, India is one of the few countries who hold the most credence to drive this shift into its own territory, provided it does things the right way.
We discuss what the Government can do to make India a truly Atmanirbhar Bharat.
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Market ForecastGlobal Face Shield Market size was valued at approximately USD 3.1 Billion in 2019 and is projected to grow at a 6.2% CAGR between 2020 and 2026.
As per MRFR analysis, the global healthcare industry in 2018 was worth USD 8.40 trillion.
The healthcare industry in emerging markets is anticipated to witness exponential growth in the next couple of years.
According to Krane Shares Emerging Market Healthcare Index, by 2040, emerging countries are projected to increase healthcare spending as by 24.4% of their current GDPs compared to just 9.8% in developed markets over the same period.
The increasing trend of medical tourism is further expected to boost the face shield market in the next couple of years.
With rapid urbanization in emerging economies such as China, India, and many other southeast Asian countries, the demand for face shield is expected to grow in the next couple of years.
https://fundsinstructor.com/indian-fiscal-policy-affects-under-lockdown-in-the-new-f-y-2020-21/The whole world is under pressure to fight with the worldwide big problem called COVID-19.Under the situation, Prime Minister Narender Modi take a difficult step and announced a 21 days lockdown in India from 25th March to stop the spreading pandemic of corona-virus.The corona-virus affect economy and Indian Finance Minister Nirmala Sitharam has already declared a COVID-19 relief package of ₹1.7 lakh crore and may be planning more to support the Indian economy in the global recession.
According to Fitch Solutions to the announcement encouragement package to the economy due to COVID-19, the Indian Government’s fiscal deficit may shoot up to 6.2% of GDP from 3.5% in the current year.
The nation has already acknowledged the fact that Swachh Bharat Abhiyan has steered the country to near 100% sanitation coverage from the mere 38.7% before October 2014.
Modi government in its five years period had built over 9 crore household toilets whereas in all of the period between 1947 and 2014 the number of household toilets built was 6.37 crore.
In villages, this effort was seen not just an infrastructure push but the toilets have been perceived as izzat ghar, safeguarding the dignity of women.
The far-reaching effects of Swachh Bharat continue to unfold as the recent UNICEF study has demonstrated that the programme has resulted in huge environmental benefit as well, thereby making a positive impact on health.
United Nations Children’s Fund (UNICEF) has done this study “to ascertain contamination levels, related to human and animal faecal contamination in Environmental Medium viz.
Thus, it has become clear that where all the Swachh Bharat has completed its task of making the place ODF, it has evidently contributed to the cause of environment.
According to World Bank, the global economy will shrink by 5.2 percent this year.
That would represent the deepest recession since the Second World War, the World Bank stated in its June 2020 Global Economic Prospects.Link for Article
According to the recent announcement, the China government is ambitious to launch a Central Bank Digital Currency (CBDC) to “dominate the digital commerce landscape and make the economy future-ready.Read Full Story: https://bit.ly/2Hpg8uq
The world economy is moving towards digitalization, Every aspect of life in a digital manner.
Moreover, cryptocurrency as digital currency widely adopted in the global business peoples due to its efficiency, and with advancing digital exchanges lead to various Financial systems.
Cryptocurrency being adopted widely among businesses, and it is revolutionizing the Financial sectors.What is Decentralised Finance (DeFi)?Decentralized finance is an open financial system substitute for the traditional bank services with Blockchain on a decentralized network.
It developed with immutable blockchain platforms like Ethereum, EOS & Tron and decentralization over the financial sector and, it includes digital assets, protocols, smart contracts, and DApps over the Blockchain platform.
The fact that the new trend offers extra functionality in addition to reducing operational risks makes it an ideal replacement for the current financial system.Advantages of Defi PermissionlessNo involvement of Central EntityHigh LiquidityBorderlessProvides full control over fundsTime-SavingCost-EffectiveRestrict the fraudulent activitiesThe Key Benefits of Decentralized Finance (Defi)Defi is widely spread over the world business as it has enormous benefits as given below :Open-Source:Defi application is open source and, coding is public, validate its functionality, security, and capacities.
Open source code is stable and secure, easy for community interaction than the Private code.