A time for extraordinary action -T Jayaraman & Tejal Kanitkar
An unprecedented scale of state investment is required to lift up the Indian economy
Even before the full impact of COVID-19 on the health of Indians is clear, the economic impact of the measures required to deal with the pandemic are already posing grave problems. The Indian economy was in dire straits even before COVID-19 reached our shores. Specifically, the lockdown and other movement restrictions, backed by scientific and political consensus on their inevitability, have directly led to a dramatic slowdown in economic activity across the board. What is their impact on the Indian economy? This question calls for an urgent answer.
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The Hindu, 10 April, 2020, https://www.thehindu.com/opinion/lead/a-time-for-extraordinary-action/article31302785.ece?homepage=true
Tagged with: 21-Days Lockdown Coronavirus Covid-19 Fiscal Stimulus GDP Growth Gross Value Added Health Infrastructure Input-Output Analysis Joblessness Lockdown Micro Small and Medium Enterprises MSMEs