Thirty years ago, on a summer evening in late July, India liberalized its Soviet-style economy in the transformation that eventually pulled out formed 300 million out of poverty, fueling one of the biggest wealth creations in history. Then comes the world fastest coronavirus sarge which left overflowing hospitals turning away the dying and crematorium smoke darkening the city’s skies. Years and perhaps decades of progress have been unwound in months as many Indians clawed the way out of poverty and face grim job prospects and carry heavy debt loads wracked up themselves and their loved ones through the pandemic. The devastation has highlighted just how much poor healthcare and infostructure often neglected in the boom after liberalization is holding back the nation and its people. More than 200 million have gone back to earning less than minimum wages or 5$ a day. The Bengaluru-based Azim Premji University calculates. The middle class the engine of the consumed economy is shrinking by 32 million in 2020 according to the Pew Institute this means India will be regressing on vital fronts just as global importance is growing. This decade India is expected to become the World’s most population nation taking that mantel from China, which for years the global growth. But the Indian economy is grappling with big threats even as it becomes home kind to the young, working-age population that drove lengthy in other nations. 

We’re are talking about a decade of lost opportunities said Arvind Subramanian a former chief economic advisor in PM Narender Modi’s administration unless there are some economic reforms and fundamental changes in the economic policy are done you’re are not going to anywhere close to what we saw in the boom years. A lot needs to happen in order to get back 7 to 8% that we desperately need. Modi had pledged to turn the economy into 5 trillion economies by 2025 that the pandemic set to push that back by years. The International Monetary fund is expected to grow at 6.9% in the next financial year 2022 lower than the 8% Modi’s expectation that targets to create employment opportunities for millions for entering the workforce. So this article was a small effort to how a common man faces the problem of inflation in the time of the pandemic. I hope the economy will recover soon but as we all know whenever a recession come so economy take a number of years to stabilize