Economic Impact of COVID-19 on India and its Policy Response

ambarish — Thu, 11 Jun 2020 18:15:16 +0000

Indian economy is expected to be adversely affected by COVID-19 pandemic in 2020. The real gross domestic product (GDP) growth of India is expected to slow down, unemployment level to increase and current account balance to continue its negative growth due to COVID-19 this year. As of 11^th June 2020, India had 2,98,283 confirmed COVID-19 cases out of which 1,47,195 people have recovered from the disease while 8501 have lost their lives.

In India, the inability of informal and self-employed workers to earn a living and gain access to health care has led to migration from urban to rural areas, which have caused the virus to spread further.

In this blog post we will be focusing on economic impact of COVID-19 pandemic on India. We will also be taking a look at the containment, fiscal, monetary and social policy measures taken by India under following sections –

Impact of COVID-19 on India Economy in 2020
COVID-19 Containment Measures
COVID-19 Related Fiscal Policy Measures
COVID-19 Related Monetary Policy Measures
COVID-19 Related Social Policy Measures

1. Impact of COVID-19 on India Economy...

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