Indian Economy's Greatest Crisis: Impact of Coronavirus and the Road Ahead
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Description
Desperate times call for desperate measures'-the outbreak of COVID19 aptly justifies this expression as the world is facing an unusual, unprecedented situation. But, what is so unusual about Coronavirus since viral attacks-H1N1, Ebola and Nipah-have taken place earlier too? How did it affect India and the world? What are its socio-economic implications for India? How has India's response been to Coronavirus? What is more important 'life' or 'livelihood'? How can India recover from the sudden economic shock caused by the pandemic? This book is an attempt to answer these and many more such questions. Coronavirus hit the world in December 2019 like a hurricane. What started as a medical emergency soon turned into an economic one. No global financial crisis has ever hit humanity as hard as COVID19. The world, therefore, was caught ill prepared
when the pandemic struck. The situation, to say the least, is worse than a war. The situation in India is no different: in terms of the number of cases reported, it comes second only to the US.
This book highlights the enormity of the impact of the Coronavirus pandemic on India. It critically examines the government's efforts to control the disease and mitigate its adverse effects on Indian economy and society. Making a compelling argument that an economy is not like a rubber ball, which, if dropped on a hard surface, will bounce back to its original position, the author provides incisive reasons as to why economic recovery will be slow and not be 'V' shaped. He, however, cogently suggests that good governance, a robust public health system and clean and representative politics are the key to bringing India's economy back on track.
Desperate times call for desperate measures'-the outbreak of COVID19 aptly justifies this expression as the world is facing an unusual, unprecedented situation. But, what is so unusual about Coronavirus since viral attacks-H1N1, Ebola and Nipah-have taken place earlier too? How did it affect India and the world? What are its socio-economic implications for India? How has India's response been to Coronavirus? What is more important 'life' or 'livelihood'? How can India recover from the sudden economic shock caused by the pandemic? This book is an attempt to answer these and many more such questions. Coronavirus hit the world in December 2019 like a hurricane. What started as a medical emergency soon turned into an economic one. No global financial crisis has ever hit humanity as hard as COVID19. The world, therefore, was caught ill prepared
when the pandemic struck. The situation, to say the least, is worse than a war. The situation in India is no different: in terms of the number of cases reported, it comes second only to the US.
This book highlights the enormity of the impact of the Coronavirus pandemic on India. It critically examines the government's efforts to control the disease and mitigate its adverse effects on Indian economy and society. Making a compelling argument that an economy is not like a rubber ball, which, if dropped on a hard surface, will bounce back to its original position, the author provides incisive reasons as to why economic recovery will be slow and not be 'V' shaped. He, however, cogently suggests that good governance, a robust public health system and clean and representative politics are the key to bringing India's economy back on track.
Features
: Indian Economy's Greatest Crisis: Impact of Coronavirus and the Road Ahead
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