In a series of tweets, Mahindra shared his
opinion of the coronavirus and its aftermath while also suggesting measures to
curb the economic damage caused by the pandemic.
M&M Group Chairman Anand Mahindra
Anand Mahindra, the Chairman of the Mahindra
Group, has claimed that the coronavirus pandemic will be followed by a
global recession. Mahindra has also said that the greatest toll of the expected
recession would be on small businesses and self-employed daily wage workers.
In a series of tweets,
Mahindra shared his opinion of the coronavirus and its aftermath while also
suggesting measures to curb the economic damage caused by the pandemic.
Mahindra while expressing that the virus would be defeated and will leave
behind a global recession said, "The costs of that are incalculably high
at this time. The most fearsome toll will be on small businesses, the
self-employed & those whose lives depend on meager daily wages.
The virus will eventually be conquered, but it will have left behind a global recession. The costs of that are incalculably high at this time. The most fearsome toll will be on small businesses, the self-employed & those whose lives depend on meagre daily wages. (1/4)
2,453 people are talking about this
Anand further said that the aftermath of the COVID-19
pandemic would be deaths due to stress, loss of livelihood and a rise in
homelessness. He also suggested that civil unrest could also be a result of the
coronavirus pandemic. He added, "The only global experience that has
lessons for us in the current situation is the last world war."
Apart from the toll on lives, the legacy of COVID-19 may well be deaths due to stress, loss of livelhoods, a rise in homelessness & in extreme situations, civil unrest. The only global experience that has lessons for us in the current situation is the last world war. (2/4)
339 people are talking about this
Anand used the aftermath of World War 2 to explain the
measures taken by governments to help restabilize the economy. He
stressed on the Marshal Plan that the US government came up with to revive the
European economy after WW2. Mahindra said, "The
U.S came up with the Marshall plan to revive Europe,
effectively a giant fiscal pump-priming. In the U.S, the govt. dramatically
dismantled regulations & opened up the economy to trade."
Apart from the toll on lives, the legacy of COVID-19 may well be deaths due to stress, loss of livelhoods, a rise in homelessness & in extreme situations, civil unrest. The only global experience that has lessons for us in the current situation is the last world war. (2/4)
In the aftermath of WW2, the U.S came up with the Marshall plan to revive Europe, effectively a giant fiscal pump-priming. In the U.S, the govt. dramatically dismantled regulations & opened up the economy to trade. These actions led to a boom-cycle that stretched to 1975 (3/4)
303 people are talking about this
Mahindra then urged every country to create there own Marshal
Plan. Mahindra said, "This time, there will be no victors, only the
vanquished. So every country will have to create its own Post 'VirusWar"
Marshall plan". He also requested very country to take care of the people
hit hardest by the coronavirus pandemic.
In the aftermath of WW2, the U.S came up with the Marshall plan to revive Europe, effectively a giant fiscal pump-priming. In the U.S, the govt. dramatically dismantled regulations & opened up the economy to trade. These actions led to a boom-cycle that stretched to 1975 (3/4)
This time, there will be no victors, only the vanquished. So every country will have to create its own Post ‘VirusWar” Marshall plan & take care of those in society who are hit the hardest. Perhaps we too can build the foundations of a sustained global growth cycle (4/4)
524 people are talking about this
According to ICMR,
206 cases of coronavirus have been confirmed in India. Globally, the number has
climbed up to 2,45,032 confirmed COVID-19 cases, including around 10,000
deaths.
No comments:
Post a Comment