All of us are going through a very uncertain time because of the Lock-down in our respective countries to minimize the spread of Covid-19.Amidst this, we keep hearing about slow-down of Global Economy, increase of unemployment and many more negative things.
But all of us can change the scenario after the lock-down with a simple thought. And the thought is “Aim for Earning more and Spending more”.
When we all increase our needs , the Global economy will automatically do well.This is well proven by the fact that G-7 countries(Group of seven most advanced countries in the world) like USA,UK, France have been advanced economies because their citizens aim for a luxurious life-style consisting of car, house,high-end gadgets, etc.
The economies of the different countries are completely inter-dependent. This is well explained by the example of Hydroxychloroquine, a medicine which has been found very effective in treating Covid-19 patients. India is the largest manufacturer and exporter of Hydroxychloroquine but gets its constituents from China.There are many such examples, which show economies of the countries are inter-dependent. Vivo cell phones which are very popular in India because of reasonable price and quality,have their origin in China.
Therefore, all of us need to aim for “Higher earning and Higher spending” after the Lock-down instead of focusing on ‘saving more’ and confining our life within the available resources. We also need to suggest our Governments and Private employers to ensure providing better accommodation and sanitation facilities to our Daily-wage workers. All these steps can lead to a Better life for all of us and the growth of economies of our respective countries and consequently, a better Global economy after the Lock-down.