The Era of COVID-19 in India: An Economic Overview
Ex-Student, Department of Economics, Vidyasagar University, Midnapore-721 102 (West Bengal)
The magnitude of the COVID-19 outbreak is devastating and completely unprecedented. Impeding every social and economic activity that requires human contact was thence the instantaneous response by almost every nation. Looking at the course of actions taken to save life and livelihood by other nations, it is expected that India will follow the same path. Considering that, most of the fiscal and monetary measures introduced in India are medium-term or long term, it is a matter of time till any conclusion can be drawn. Apart from that, implementation has always been a challenge for Indian policymakers. This article evaluates the era of coronavirus pandemic in India from four directions; the precursory economic condition that helps to apprehend the incident and impact of the outbreak, the humanitarian and economic shock that the nation is going through, policy measures that have been introduced to combat the situation and last but not the least, way ahead of this crisis, that essentially determines the future of the nation.
COVID19, lockdown, recession, reform, stimulus.
E21, E44, H12, H84, J46.