COVID-19: Following up on the immediate economic response has been saved
COVID-19: Following up on the immediate economic response
Some of the measures the Indian government can take to prepare for long-term challenges and opportunities, and the likely case scenarios for the Indian economy.
With COVID-19 spreading rapidly in India, policymakers are worried about how to fight the virus and minimise its impact on the economy. There are no easy answers. In addition to containing the spread of the disease and support those who are affected, policymakers have to be prepared for the long-term challenges and opportunities that may arise once the crisis is over (and it will eventually be).
COVID-19: Likely case scenarios for Indian economy
The rampant spread of COVID-19 outbreak, across borders and geographies, has severely impacted almost the whole world and triggered significant downside risks to the overall global economic outlook.
Due to the lockdown announced by the Indian Government, the economy may slow over the next few months. For most businesses, the slowdown could be in the form of supply disruptions, fall in consumption demand, and stress on the banking and financial sectors.
Click to lean more about various likely case scenarios for India economy.