Why Indian economy not recovering ? Whether India is unlocking all sectors?

India applied Lock down too early as the Covid-19 cases arise but due to this our economy rate of our go down as the expectation not, but lock down is necessary for all of us as we can see that cases of covid-19 are increasing day by day continually. Covid-19 impacts more on economy as our economy that was already struggling and the outbreak of this pandemic is also most inopportune time as economy shows nascent signs of recovery after bold measures , from the both Government of India and Reserve bank of India.

Problems :

• First of all came to current scenario that according to study of MASSACHUSETTS Institute of Technology (MIT) that stated that the number of Covid-19 cases recorded per day in India may surge to 2.87 Lakh by early 2021 if a vaccine or treatment isn't developed soon.
• So this is very important for us , developing a vaccine, many countries are working on this america, china vaccines are in 3rd phase ,  and in recent reports Russia completes its human trial so soon will be vaccine available .
• But the way if we come to true point a vaccine take minimum 7 years to develop but here the scenario is different because whole world is working on it. So it will available within 1 year for all.
•  Its a good news for us that our recovery rate is increasing continually now it is about 67%.
• Then came to the real problems our secondary sector manufacturing , construction and services which is almost bust. Some restaurants opened but people now feared to go anywhere people are working from home but main tax payer's services are now busted.
• All the thing is also depend on supply whether how supply is started but demand get down so it also affect.
• Our primary sector(Agriculture Sector) which came up with good news , spine of our economy , In current year there is bumper production of rabi crops and it esteemed that kharif crop also give same result , this is year fact that Madhya Pradesh take over Punjab wheat production rate.
• Our labours who migrate to their home town and labour rate goes down so there are not enough labour to continue our manufacturing on track. This is also a big challenge which we are facing about 90 percent labour goes down after lock down or after outbreak of Pandemic.
• Now , most of the automobile companies are also in loss because people are not furthur purchasing any new vehicle so , tourist are not allowed and inter state travelling stopped.
• Demand of manufactured get decreased.

Unemployment get increase as we can see in that graph , as people fired from private sector , they will go for a government job and there competition will also increases so this will became a major challenge for government to recover employment rate.

That in turn makes business wonder if they should take fresh loans and ramp up production . It also makes banks unsure about extending new loans are fast turning into non-performing assests.

There is no quick fix . Given that the Indian economy was already struggling to grow before Covid, the journey out of the crisis will likely take more time than usual. But nothing will happen without astute and targeted policy action.