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Post-pandemic Revival Strategy for India

In: Perspectives on Inclusive Policies for Development in India

Author

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  • M. Govinda Rao

    (Takshashila Institution)

Abstract

The paper analyses the impact of COVID-19 on the economy and the underlines the need to galvanise reforms to take it back to the high growth environment. The economy was slowing down even before the pandemic due to a number of structural factors. The pandemic made the matters worse. Besides devastating consequences on the lives and livelihoods of the people, the pandemic led to serious disruption in economic activities and sharp contraction in income levels. While the first wave of the pandemic created serious disruptions, even as the economy started recovering, the second wave piled on the misery of the people and their economic fortunes. The paper traces the economic and fiscal consequences of the pandemic, underlines the structural problems and identifies the reform areas in the post pandemic economic policy frame.

Suggested Citation

  • M. Govinda Rao, 2022. "Post-pandemic Revival Strategy for India," India Studies in Business and Economics, in: Saiyed Raza Hashim & Rahul Mukherji & Brajaraja Mishra (ed.), Perspectives on Inclusive Policies for Development in India, pages 51-64, Springer.
    • Handle: RePEc:spr:isbchp:978-981-19-0185-0_4
    DOI: 10.1007/978-981-19-0185-0_4
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