COVID-19 Crisis: India's Macroeconomic Policy Response and Future Challenges
Dublin Core
Title
COVID-19 Crisis: India's Macroeconomic Policy Response and Future Challenges
Subject
India
South Asia
Macroeconomic
Pandemic
Coronavirus
Policy
Description
The Indian economy was ranked as the 5th largest economy in 2019 (Myers, 2020). The country overtook France and Germany to secure the ranks of the top five largest economies of the world. On an optimistic note, it has been growing steadily at a growth rate above 5 percent in the 2009-2019 time period. However, the world ranking is expected to change owing to the external shocks imposed by the Novel Coronavirus to all economies of the world. Coronaviruses are a large family of viruses that are known to cause illnesses ranging from the common cold to more severe diseases such as Middle East Respiratory Syndrome (MERS) and Severe Acute Respiratory Syndrome (SARS). A novel coronavirus (CoV) is a new strain of coronavirus that has not been previously identified in humans (WHO, 2020). The real impact of this disease has been studied by various scientists after it was declared as a pandemic in January 2020 by World Health Organization. Being a Fast-spreading infectious disease, COVID-19 has taken a serious toll on human health with countries reporting an alarming number of positive cases and consequent deaths within a short period of time. Ruling Governments of all the affected countries face a serious challenge of saving lives and the economy side by side. As the majority of the affected countries imposed lockdown and work-from-home options (except the essential services and industries), the economic activities.
DOI: 10.5281/zenodo.4318258
DOI: 10.5281/zenodo.4318258
Creator
Nizami, Nausheen
Source
Liberal Studies; Vol. 5 No. 1 (2020): January–June 2020; 15-27
2688-9374
2455-9857
Publisher
Pandit Deendayal Energy University
Date
2020-06-30
Rights
Copyright (c) 2020 Pandit Deendayal Petroleum University, India
https://creativecommons.org/licenses/by-nc-nd/4.0/
Relation
Format
application/pdf
Language
eng
Type
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
Identifier
Collection
Citation
Nausheen Nizami, COVID-19 Crisis: India's Macroeconomic Policy Response and Future Challenges, Pandit Deendayal Energy University, 2020, accessed November 21, 2024, https://igi.indrastra.com/items/show/561