Even by March 2022 Economy Will Be Below Pre-Pandemic Level, Government Must 'Spend, Spend, Spend'

In a 33-minute interview with Karan Thapar for The Wire, Mr Vyas gave details of the collapse in consumer sentiment and a sharp rise in unemployment. He said since the last week of March consumer sentiment has fallen by 15%. This, in turn, must be viewed against the background of what has happened to consumer sentiment since April 2020. In that month it was 57% lower than 2019-20. In April 2021 it was still 49% lower than 2019-20. Therefore, consumer sentiment has not really recovered since the start of the pandemic but, in fact, sizeably fallen further.Like our work? Click here to support The Wire: https://thewire.in/supportThe founding premise of The Wire is this: if good journalism is to survive and thrive, it can only do so by being both editorially and financially independent. This means relying principally on contributions from readers and concerned citizens who have no interest other than to sustain a space for quality journalism. As a publication, The Wire will be firmly committed to the public interest and democratic values.We publish in four different languages!For English, visit www.thewire.infor Hindi: http://thewirehindi.com/for Urdu: http://thewireurdu.comfor Marathi: https://marathi.thewire.inIf you are a young writer or a creator, you can submit articles, essays, photos, poetry – anything that’s straight out of your imagination – to LiveWire, The Wire’s portal for the young, by the young. https://livewire.thewire.in/You can also follow The Wire’s social media platforms and engage with us.Facebookhttps://www.facebook.com/TheWire/https://www.facebook.com/TheWireHindi/https://www.facebook.com/TheWireUrdu/https://www.facebook.com/TheWireMarathi/Twitterhttps://twitter.com/thewire_inhttps://twitter.com/thewirehindihttps://twitter.com/TheWireUrduhttps://twitter.com/TheWireMarathihttps://twitter.com/livewireInstagramhttps://www.instagram.com/thewirein/https://www.instagram.com/livewirein/Don’t forget to hit the subscribe button to never miss a video from The Wire!