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