NSO releases the All India Debt & Investment Survey

Households in rural India have faced the severe brunt of the COVID-19 pandemic. In this regard, discuss the effect of depressed household demand on the broad economy of India. Also, suggest measures that need to be taken to ensure swift recovery in the rural economy. (250 Words)

Approach:

• In the introduction, give a brief overview about how COVID-19 affected rural households, like increase in debt etc.
• Enumerate the effect of depressed households on the Indian economy.
• List measures taken by Government for swift recovery of Rural economy
• Enumerate measures that can be taken to revamp rural economy
• Conclusion