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Economy

What India missed in its INR20 lakh crore package: green stimulus helps in faster, stronger recovery

After the 2008 meltdown, countries like South Korea and China that invested more in the green economy bounced back as more resilient economies. A breakdown of the stimulus package on Wednesday, however, shows investments in sustainability or natural capital is not India’s priority at the moment.
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15 May 2020 7 Mins Read 6 comments
Child environmental activist Licypriya Kangujam and school children raising their voice against climate change in Mumbai on March 6, 2020. Getty Images
Child environmental activist Licypriya Kangujam and school children raising their voice against climate change in Mumbai on March 6, 2020.
When Prime Minister Narendra Modi on Tuesday evening announced the “Atmanirbhar Bharat Abhiyaan” with a whopping INR20 lakh crore special package, an economy trapped behind the closed doors of a nationwide lockdown got a reassuring message. A day later, finance minister Nirmala Sitharaman spelt out the first set of details: While experts have
the post-pandemic era, the world will need a new rule book on how people carry on with their lives and how industries go about doing their business. If India wants to put its growth engine back on track and regain jobs lost in the rural areas, investments in green economy will reap rich dividends. (Graphics by Mohammad Arshad)
When Prime Minister Narendra Modi on Tuesday evening announced the “Atmanirbhar Bharat Abhiyaan” with a whopping INR20 lakh crore special package, an economy trapped behind the closed doors of a nationwide lockdown got a reassuring message. A day later, finance minister Nirmala Sitharaman spelt out the first set of details: While experts have the post-pandemic era, the world will need a new rule book on how people carry on with their lives and how industries go about doing their business. If India wants to put its growth engine back on track and regain jobs lost in the rural areas, investments in green economy will reap rich dividends. (Graphics by Mohammad Arshad)

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