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Author: Dr. V.V.L.N. Sastry Publisher: Bright & Young Publishers ISBN: Category : Business & Economics Languages : en Pages : 261
Book Description
COVID 19 pandemic has devastated the global economy, and India is one of the countries that has felt the full economic devastation of the pandemic. The pandemic led to the losses of jobs of millions of people. It also led to the abrupt halting of the economic activities in various sectors. It affected both the industrial production and services sectors of the Indian economy. The impact of the pandemic on the economy is evident in the GDP growth of the country for the first quarter (April –June) and the second quarter (July- September) of the fiscal year 2020. The country has experienced for the first time consecutive periods of contraction of GDP, which made it fall into a recession economy for the first time. However, some of the blame of the adverse impact of the pandemic on the economy may be heaped on to the government. The government implemented policies have adversely aggravated the economic situation currently faced by India. In addition, the government did not implement effective measures to deal with the economic fallout of the pandemic. Since the pandemic is unique and faced by the world for the first time, the current study looked at the impact, and some of the measures that may expedite the recovery of Indian economy.
Author: Rajib Bhattacharyya Publisher: Taylor & Francis ISBN: 1000463060 Category : Business & Economics Languages : en Pages : 426
Book Description
This book analyses the economic and social impact of the Covid-19 crisis with special focus on India. It examines the economic disruption caused by the pandemic, policy responses to it and the prospect of a severe global recession. It also covers how the pandemic has contributed to considerable suffering among the masses and affected socio-cultural relationships, behavioural patterns and psychological attitudes governing human interaction. A topical and timely collection on the pandemic, the essays in the volume discuss several key themes which include, · The Corona pandemic and the changing global economy; growth, trade and macroeconomic recovery; · Public health and policy failures; appropriate policy response; · Impact on education; guidelines for the future; · Idea of economic herd immunity; impact of India’s lockdown, crisis of the migrant labourers; · Impact on agriculture, industry, firms, households and the informal sector; · Implications of digital technology for production, labour and labour relations; · Violence amidst the virus; Covid 19 and Hindu- Muslim conflict in India, domestic violence, questions of occupation, identity, gender and vulnerability; · De-globalisation and environmental challenges in the post-Covid era. Engagingly written, this comprehensive volume compiles original research by leading economists from India and abroad. It will be useful for scholars and researchers of economics, of the Indian economy, development economics, development studies, labour studies, public policy, public administration, governance, sociology and political economy.
Author: Dr. V.V.L.N. Sastry Publisher: Bright & Young Publishers ISBN: Category : Business & Economics Languages : en Pages : 261
Book Description
COVID 19 pandemic has devastated the global economy, and India is one of the countries that has felt the full economic devastation of the pandemic. The pandemic led to the losses of jobs of millions of people. It also led to the abrupt halting of the economic activities in various sectors. It affected both the industrial production and services sectors of the Indian economy. The impact of the pandemic on the economy is evident in the GDP growth of the country for the first quarter (April –June) and the second quarter (July- September) of the fiscal year 2020. The country has experienced for the first time consecutive periods of contraction of GDP, which made it fall into a recession economy for the first time. However, some of the blame of the adverse impact of the pandemic on the economy may be heaped on to the government. The government implemented policies have adversely aggravated the economic situation currently faced by India. In addition, the government did not implement effective measures to deal with the economic fallout of the pandemic. Since the pandemic is unique and faced by the world for the first time, the current study looked at the impact, and some of the measures that may expedite the recovery of Indian economy.
Author: The Research Unit for Political Economy Publisher: NYU Press ISBN: 158367926X Category : Political Science Languages : en Pages : 217
Book Description
How India's COVID-19 lockdown is creating an unprecedented humanitarian disaster With the advent of COVID-19, India’s rulers imposed the world’s most stringent lockdown on an already depressed economy, dealing a body blow to the majority of India’s billion-plus population. Yet the Indian government’s spending to cushion the lockdown’s economic impact ranked among the world’s lowest in GDP terms, resulting in unprecedented unemployment and hardship. Crisis and Predation shows how this tight-fistedness stems from the fact that global financial interests oppose any sizable expansion of public spending by India, and that Indian rulers readily adhere to their guidance. The authors reveal that global investors and a handful of top Indian corporate groups actually benefit from the resulting demand depression: armed with funds, they are picking up valuable assets at distress prices. Meanwhile, under the banner of reviving private investment, India’s rulers have planned giant privatizations, and drastically revised laws concerning industrial labor, the peasantry, and the environment—in favor of large capital. And yet, this book contends, India could defy the pressures of global finance in order to address the basic needs of its people. But this would require shedding reliance on foreign capital flows, and taking a course of democratic national development. This, then, is a pursuit, not for India’s ruling classes, but a course of struggle for India's people.
Author: Maitreesh Ghatak Publisher: ISBN: Category : COVID-19 (Disease) Languages : en Pages : 19
Book Description
To understand the economic and public health impact of the Covid-19 pandemic on India, we take a comparative cross-country perspective as all countries were exposed to this shock and were negatively affected and so, a relative comparison allows us to better assess India's performance in these dimensions. We carry out three sets of exercises. First, we discuss the economic impact of Covid-19 using key macroeconomic indicators -- gross domestic product and employment. Second, we review the fiscal policy response of the government and use household and individual-level surveys to understand the heterogenous impacts of the pandemic on households in the country. Finally, we compare public health indicators across countries. The analysis suggests that India's record with respect to other countries, including countries that are comparable in economic status, puts it in the lower tail of the distribution -- both in terms of economic and public health indicators. The fallout on the poorer sections and informal sector was particularly severe and policies to mitigate this were inadequate. We conclude that going forward, improving the public health infrastructure and the social safety net must be the public policy priority for the government.
Author: Dr. Sajad Ahmad Mir Publisher: OrangeBooks Publication ISBN: Category : Education Languages : en Pages : 204
Book Description
Since the first outbreak of the novel Corona Virus in Wuhan (China), many changes have taken place in the world, and India has no exception to it. Even today, we can find the impact of the virus all around us as many educational institutions are not yet completely open, online classes are preferred by universities and colleges, public buses are not preferred, even in our daily life, there are many changes as people still are wearing masks for going out. Talking about the macro-level Indian economy is not able to recover from the troublesome shock that the Covid-19 in terms of loss of human lives and loss of economic activity. There is hardly any sector that has not been adversely affected as domestic demand and exports sharply plummeted with some notable exceptions. While some of the effects of covid-19 were only short-term but there are many long-lasting impacts of it as the lockdown had much impacted the supply chain. All major affected sectors are education, travel and tourism, manufacturing, retail, export, import, reduction of capital formation, etc. if these aspects are not given deep thought, how the Indian economy can recover from the fast growth that it has left behind due to pandemic. The book tries to discuss all these aspects in a single cover.
Author: Mr. Pragyan Deb Publisher: International Monetary Fund ISBN: 1616354690 Category : Business & Economics Languages : en Pages : 40
Book Description
The health and economic impacts of COVID-19 on India have been substantial, with wide variation across states and union territories. This paper quantifies the impact of containment measures and voluntary social distancing on both the spread of the virus and the economy at the state level during the first wave of the COVID-19 pandemic. We construct a de-facto measure of state-level social distancing, combining containment strigency and observed mobility trends. State-level empirical analysis suggests that social distancing and containment measures effectively reduced case numbers, but came with high economic costs. State characteristics, such as health care infrastructure and the share of services in the economy, played an important role in shaping the health and economic outcomes, highlighting the importance of adequate social spending, health care infrastructure, and social safety nets.
Author: Mousumi Dutta Publisher: Springer Nature ISBN: 9811684723 Category : Social Science Languages : en Pages : 337
Book Description
This book provides a multidisciplinary analysis of the many socio-economic challenges posed by COVID-19 pandemic across international boundaries, disrupting the economic system and life styles globally. It starts by setting the historical context of the pandemic and proceeds to describe the impact on the Indian economy, how certain sections of the population have become economically and psychologically vulnerable. International experts from diverse fields—development economics, macroeconomics, corporate finance, history, sociology, psychology, public policy, and urban studies—contribute to this exciting analysis of an Indian and global society at the crossroads. The book examines emerging themes related to global economic revival, intellectual property rights over the vaccine, and rupturing of the global supply chains. It discusses the response of institutions and markets to the global pandemic. It closes with a futuristic look at the new society and global system that may emerge out of the chaos. A valuable resource appealing to a wide readership across the social sciences and the humanities. Readers include undergraduate students, postgraduate students, researchers and academic teachers, and also public policy experts.
Author: Harish Kumar Banga Publisher: GRIN Verlag ISBN: 3346249824 Category : Business & Economics Languages : en Pages : 10
Book Description
Scientific Study from the year 2020 in the subject Economics - International Economic Relations, grade: 10.0, , language: English, abstract: This paper discusses the impact of the COVID-19-Pandemic on economy in India. As the new budgetary year starts, the Coronavirus has tainted over a million people above 200 nations a scourge defying the entirety of humankind. It affects ways of life, organizations, economies, and the supposition of regular prosperity that we all have to a great extent underestimated. Indeed, even before the beginning of this pandemic, the worldwide economy was going up against choppiness by interruptions in exchange streams and weakened development. The circumstance has now been bothered by the interest, flexibly and liquidity stuns that COVID-19 has dispensed. When the pandemic is controlled, the shape and speed of the recuperation in the U.S. what is more, China will among the key variables deciding the nature and footing of worldwide monetary recuperation. It is our desire as of now that the course of monetary recuperation in India will be smoother and quicker than that of numerous other propelled nations.
Author: Ajitava Raychaudhuri Publisher: Springer Nature ISBN: 9811986800 Category : Business & Economics Languages : en Pages : 323
Book Description
This book discusses the extent and nature of COVID-19 pandemic in India and its effect on the society and economy. The suggested management practices discussed here are also not stereotype. At the same time, it highlights deficiency in development fundamentals in India on several dimensions, especially health, education, quality of public spending, taxation orientation, external trade involvement across states, etc., deficiencies which create an inbuilt bottleneck toward the creation of a more equal society. While discussing these, the book throws light on how they were expectedly exacerbated by the sudden negative shock in the form of COVID-19 pandemic. Thus, the book has highlighted the COVID pandemic and its response in India in the background of certain less discussed aspects of development fundamentals. The contents would be of interest to researchers and students studying socioeconomic aspect of developmental economics and also to policy makers and non-government entities involved in mitigating effects of pandemic in the socioeconomic sphere.
Author: Dr. V.V.L.N. Sastry
Author: Rajib Bhattacharyya
Author: Dr. V.V.L.N. Sastry
Author: The Research Unit for Political Economy
Author: Maitreesh Ghatak
Author: Dr. Sajad Ahmad Mir
Author: Mr. Pragyan Deb
Author: Mousumi Dutta
Author: SRUTHI. S
Author: Harish Kumar Banga
Author: Ajitava Raychaudhuri