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India's GDP set to contract between 7.5% to 11%.. these are initial estimates. ICRA says 9.5%, S&P Global says 11%, BoA Securities say 7.5%. This is the massive Corona/Lockdown impact we are staring at.
WE NEED UNIVERSAL BASIC INCOME FOR EVERY ADULT NOW.
It's not about every economy going through a crisis. It's about who is doing more to safeguard it's people during the crisis.
A country is as good as it's most vulnerable citizen.
If these suggestions aren't good, let's at least start with Rs. 5000 for a family of 5 plus the foodgrain and pulses that has been guaranteed.
______________________
For those who are interested, a sequence of my suggestions for the government and everyone in general from the time when everyone (including the Government of India) was sleeping and had no idea how bad it was going to hit:👇🏿👇🏿👇🏿
On March 4th
I requested all friends to start wearing masks before moving out. Even doctors at that time didn't suggest the same.
March 22nd
I wrote:
We can't have a lockdown. It will destroy Indian economy. India is not China or Italy. We need to have new ideas wrt Coronavirus to save our poor from dying hungry and businesses from shutting down. Suggestions included emergency health facilities and min income transferred to the poor.
March 25th
I wrote:
Dear PM Modi, save India from becoming one huge MORGUE.
Suggestions included emergency health facility in sports stadiums in every district and taking help of the army.
March 28th
I warned about 500% inflation, mass unemployment, FOOD RIOTS
April 3rd
I suggested all of these in details through a video and explained how to make a beautiful post CoVID19 world and how India could take this as an opportunity to lead by example!
On same day
I shared scientific research on 10 things that can make it easy to tackle CoVID19
April 11th
My frustration at lack of government action hit peak and I gave a more detailed specific ten point agenda of (needless to say sent it to PMO as well). The suggestions included:
>300 hospital beds in every district
>450 Billion dollar rescue package (Genuine 15% of GDP)
>7500 Rs to every family of 5
April 16th
The Edge magazine covered my suggestions on its cover story
On April 28th I wrote this questioning the fruitfulness of testing and maintaing scores when it doesn't give any idea about reality and truth...
With that everything I had to say was over
Yet on May 11th
I explained why we shouldn't take the Doubling effect lightly
And on May 24th made a forceful case for Global Universal Basic Income
And finally on June 13th I wrote:
Read about the 3 IDIOTS you need to avoid to stay safe as CoVID19 becomes uncontrollable in India:
On June 25th I wrote why no child should be made to risk her life for education
On July 5th I gave 8 points that we must take care of
On July 9th I reiterated on why schools must remain shut during CoVID19
On July 11th I explained the need for universal basic healthcare and why the CoVID19 vaccine must be free when it's out
On July 12th I explained the need for a special CoVID19 insurance scheme
And on the same day I explained why CIPLA's remedesivir must be made free by government
On July 13th I explained the need for transferring Rs5k to every family of 5 that comes in bottom 80% of income
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