The need of the hour is economic progress

  • Date: 25-Jun-2021
  • Source: Gulf Today
  • Sector:Economy
  • Country:Middle East
  • Who else needs to know?

The need of the hour is economic progress

It goes without saying that we can't have a life without crisis. Therefore, that is not the point. The point is that all crises “” manmade or natural “” affect the ordinary most. They also make the well-off pay, but it is the hoi polloi that mainly get crushed under their weight. The pandemic “” unsparing, unbearable, murderous “” once again reinforced the above belief. The hardest hit have been the daily wage earners. The list includes vegetable and fruit vendors, rickshaw drivers, masons, carpenters, rag-pickers. They have been starving. Their families have been suffering. Some leaders have taken action on the issue. In a move towards helping them, Delhi Chief Minister Arvind Kejriwal announced free food for tens of thousands of ration card holders. Therefore, all of us read with immense pleasure a report saying the world economy was kind of recovering. The trickle effect of the progress was bound to reach the weakest of the weak. The global economy has surpassed its pre-pandemic peak, data survey firm IHS Markit said earlier this week, thanks especially to vaccination and the end of pandemic-related restrictions. Therefore, we were left worried after discovering through a report that US President Joe Biden