Covid-19: Impact on the Indian Economy
The outbreak of the Covid-19 pandemic is an unprecedented shock to the Indian economy. The economy was already in a parlous state before Covid-19 struck. With the prolonged country-wide lockdown, global economic downturn and associated disruption of demand and supply chains, the economy is likely to face a protracted period of slowdown. The magnitude of the economic impact will depend upon the duration and severity of the health crisis, the duration of the lockdown and the manner in which the situation unfolds once the lockdown is lifted. In this paper we describe the state of the Indian economy in the pre-Covid-19 period, assess the potential impact of the shock on various segments of the economy, analyse the policies that have been announced so far by the central government and the Reserve Bank of India to ameliorate the economic shock and put forward a set of policy recommendations for specific sectors.
Related Content
- Covid-19 pandemic: impact, recovery, and the road ahead for the Indian economy
- Air quality life index: annual update 2022
- Beyond India @75: growth, inclusion and sustainability
- No time to lose, says Sunita Narain on the new IPCC report
- Judgement of the Supreme Court of India regarding schemes to alleviate the sufferings of the migrant labourers/workers, 29/06/2021
- State of Working India 2021: one year of Covid-19