The rural economy needs a new deal - News Summed Up

The rural economy needs a new deal


Three catastrophic global events — the coronavirus pandemic, the Russia-Ukraine war, and the climate crisis — have made visible sources of precarious resilience and fragility in India’s rural economy. Amid the pandemic-induced economic crisis, the rural economy was a site of resilience. Far from being insulated, the largely informal rural economy was devastated by Covid-19. The pandemic, the war, and the climate shock have resulted in moments of crisis that expose the many contradictions in the policy approach to the rural economy. A strong rural economy is the backbone of India’s food and climate security, and it is the only path for crisis management in an increasingly vulnerable global economy.


Source: Hindustan Times May 31, 2022 20:51 UTC



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