In the first quarter of 2020, there were sharp downfalls in the equity markets in advanced economies, as well as in emerging market economies. The speedy and substantial monetary and fiscal responses of policymakers have prevented a liquidity crisis, which would have had dire and pervasive economic and financial stability implications.
Agricultural growth needs to be supported by adequate storage, warehousing and marketing facilities which will generate employment in the informal sector. Second, initiatives need to be taken to promote sustainable industrial development compatible with the unique bio-diversity of the State which in turn could generate local employment and reduces migration.