TIFAC Explores Best Methods to Revive Indian Economy Post COVID-19

TIFAC Explores Best Methods to Revive Indian Economy Post COVID-19

  • The Technology Information, Forecasting and Assessment Council (TIFAC) , is preparing a white paper to revive Indian economy post COVID-19.
  • The pandemic has affected human life across the world, be it a developed nation or an emerging one.
  • The entire world has come under one umbrella in fight against COVID-19.
  • The extent of economic impact will be decided by how the pandemic outbreak unfolds and how the Nations Strategize its containment.

Overview

  • The white paper will mainly focus on-
    • Strengthening Make in India initiative
    • Commercialization of Indigenous technology
    • Making PDS (Public Distribution System) transparent by use of technology
    • Making rural health care delivery efficient
    • Reduction of import
    • Adoption of emerging technology like AI, Machine Learning, Data Analytics etc.
  • The document will be submitted to decision making authorities of the government soon.
  • There is a need to come up with actions which can minimise the adverse impact of COVID-19 on human health and maximising socio-economic wellbeing at the same time.
  • The pandemic has affected almost all sectors-
    • Manufacturing
    • Trade
    • Tourism
    • Education
    • Healthcare
  • Technology related interventions need to be analysed for their impact on various sectors.
  • To revive the economy and minimise the effect of COVID-19, TIFAC՚s team of scientists⟋researchers is exploring innovative methods.
  • TIFAC՚s team is also designing strategies to deal with such situation effectively in future.
  • TIFAC is an autonomous technology think tank under Department of Science and Technology (DST) , Government of India.
  • One of its mandates is to thinking for the future.
  • TIFAC was established in 1986 on the recommendation of Technology Policy Implementation Committee (TPIC) .

Examrace Team at Aug 13, 2020