During a a Webinar on “Impact of COVID-19 on Indian Economy organized by The Federation of Telangana Chambers of Commerce and Industry ( FTCCI) , Suresh Prabhu,Former Min for Commerce and Industry said that the growth can be back in our country and economy , if we encourage district level growth by at least 3% more than the normal. Countries’ all around the globe have announced huge packages to fight Covid-19 which can be attracted into India provided we offer them the best incentives and ease of doing business.
Refering Trump,he further said that expanding G7 with 10-11 members will give India a chance to expand economy. The Indian Government has a detailed well laid out plan to achieve 5Tn economy. But due to Covid-19 we might see some delay in reaching there.
Opening the Webinar Mr.Karunendra S Jasti President FTCCI said the Covid-10 has affected the Global Health supply chain and the food supply chain the most. It also provided us with an opportunity to attract huge investments from China and elsewhere strengthen the Make In India initiative.