The Indian economy was already dealing with the challenge of a growth slowdown when Pandemic struck. To contain the spread of the pandemic, the Indian government imposed a comprehensive lockdown of all activity in March 2020. While the rest of the world also imposed a range of restrictions, India’s overnight lockdown was the severest. The drastic contraction in economic activity has meant that in Fiscal year 2020–21, India may end up with a negative rate of growth of up to -10 per cent. What has been the impact of the pandemic on the economy and how can the momentum of growth be restored? In this volume, Sanjaya Baru brings together essays by several eminent and highly regarded contributors like C. Rangarajan, Subramanian Swamy, bibek Debroy, Meghnad Desai, Amitabh Kant, Indira rajaraman, Rama bijapurkar, Omkar Swami and many more, looking at various dimensions of the pandemic economic and social impact and of the macroeconomic policy response required for an atmanirbhar Bharat.
SANJAYA BARU is a bestselling author and former editor of India’s major financial newspapers, The Economic Times, The Financial Express and Business Standard. He was media advisor to Prime Minister Manmohan Singh and director for Geo-economics and Strategy at the International Institute of Strategic Studies, London.