The Punjab government on Saturday constituted a group of experts, headed by the former deputy chairman of the Planning Commission Montek Singh Ahluwalia, to come out with the post-Covid revival strategy for the state.

The group, which includes leading economy and industry experts, shall recommend to the Punjab Government a short-term (one year) as well as medium-term Action Plan, including a fiscal management strategy along with other policy measures to revive the State’s economy in the aftermath of the Covid-19 crisis.

Earlier, Chief Minister Captain Amarinder Singh had announced his government's decision some days ago to set up a panel of experts to formulate a comprehensive strategy to revive the state's economy and industry in the post-Covid scenario.

The 20-member group has been mandated to submit its initial set of recommendations by July 31, followed by two more reports by September 30 and December 31, according to an official spokesperson.

The three-month gap between the first two reports will allow the group time to recalibrate the larger impact as COVID unfolds across India over the summer, said the spokesperson.

The group has been entrusted with the task of identifying the key actions that are needed to help Punjab get to its "new normal" growth rate and restore it to a pre-eminent position.