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Economic Impact of the COVID-19 Pandemic in India

Author : Harish Kumar Banga

Publisher : GRIN Verlag

Page : 10 pages

File Size : 32,1 MB

Release : 2020-09-21

Category : Business & Economics

ISBN : 3346249824

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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.



The COVID-19 Pandemic, India and the World

Author : Rajib Bhattacharyya

Publisher : Taylor & Francis

Page : 426 pages

File Size : 30,56 MB

Release : 2021-09-30

Category : Business & Economics

ISBN : 1000463060

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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.



State-Level Health and Economic Impact of COVID-19 in India

Author : Mr. Pragyan Deb

Publisher : International Monetary Fund

Page : 40 pages

File Size : 45,85 MB

Release : 2021-11-19

Category : Business & Economics

ISBN : 1616354690

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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.



COVID-19 Impact on Indian Economy and Economic Remedial Measures In Overall Context of World Economy

Author : Dr. V.V.L.N. Sastry

Publisher : Bright & Young Publishers

Page : 261 pages

File Size : 19,86 MB

Release : 2021-01-10

Category : Business & Economics

ISBN :

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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.



Covid-19 Pandemic and Economic Development

Author : Sukhpal Singh

Publisher : Springer Nature

Page : 322 pages

File Size : 37,60 MB

Release : 2021-09-27

Category : Business & Economics

ISBN : 981164442X

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Book Description

This book offers a comprehensive analysis of the pre-Covid-19 and post-Covid-19 situation and public policy measures needed to revive the economy in the light of the recent initiatives by the state government, including a committee to suggest post-Covid-19 revival strategy. This collection of essays by specialized author/s in her/his/their area of research examines the impact of Covid-19 in the larger context of economic and developmental context of Punjab, ranging from basic developmental transformation analysis to the specific policy issues in each sector and policy domain, including the larger developmental crisis in the context of the regional economy and society of Punjab. The sectors analysed include: agriculture including dairy sector and agricultural markets, industry, services, education, health, besides fiscal, banking, diaspora, gender, governance, and sustainability challenges the state economy faces. It dwells on sector specific issues as well as ways forward for betterment of livelihoods of those engaged, especially farmers and industrial and service sector informal workers.



Covid-19 and the Indian Economy

Author : Mukunda Chandra Sahoo

Publisher :

Page : 190 pages

File Size : 16,91 MB

Release : 2020-12-15

Category :

ISBN : 9788177085174

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Book Description

With strong macroeconomic fundamentals, the Indian economy was well-placed on trajectory of high growth rate in early 2020 when outbreak of coronavirus epidemic in China was reported. On March 11, 2020, the World Health Organization (WHO) declared the epidemic as a pandemic, plunging the world into an unprecedented medical crisis. When countrywide lockdown was announced from March 25, 2020, most of the economic activities came to a grinding halt in urban areas. However, rural India continued to be normal in view of the exemption from restrictions allowed to farmers to conduct farming operations, including harvesting and transporting their produce to grain markets with the general conditions of face covering, hand hygiene and social distancing. These exemptions helped to maintain continuity in supply chain, especially in view of harvesting and sowing season.To deal with the economic challenges caused by the pandemic, Prime Minister Narendra Modi announced the creation of 'COVID-19 Economic Response Task Force' under the Union Finance Minister. Similarly, PM CARES Fund was created to deal with any kind of emergency or distress situation.On May 12, 2020, the Prime Minister announc



The Impact of the Covid-19 Pandemic on People and their Lives

Author : R C Sobti

Publisher : Taylor & Francis

Page : 325 pages

File Size : 50,9 MB

Release : 2023-09-25

Category : Medical

ISBN : 1000775607

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Book Description

This book explores the unparalleled adversities and strain that the COVID-19 pandemic caused on the social and economic lives of people. The book allows readers a glimpse into the experiences of death of near and dears, loss of livelihood, psychological trauma, restrictions on movement and social life, shifts in international relations, and effects on big and small industries caused by the pandvnemic. It focusses on the major shifts caused within communities and highlights how politics, power dynamics, and socio-cultural systems have been reset and recovered during recent times. The volume also offers suggestions to offset economic hardships the pandemic has caused especially to the poor and marginalized as well as policy changes to help governments and communities to build more resilient economic and health infrastructure and support systems. With interdisciplinary contributions, this book is an essential read for students and researchers of public health, social sciences, health economics, healthcare management, development studies, public policy, and South Asian studies.



The Impact of COVID-19 on India and the Global Order

Author : Mousumi Dutta

Publisher : Springer Nature

Page : 337 pages

File Size : 49,29 MB

Release : 2022-02-18

Category : Social Science

ISBN : 9811684723

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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.



Crisis and Predation

Author : The Research Unit for Political Economy

Publisher : Monthly Review Press

Page : 216 pages

File Size : 41,5 MB

Release : 2020-11-15

Category : Political Science

ISBN : 1583679251

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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.



Economic and Societal Transformation in Pandemic-Trapped India

Author : Subrata Saha

Publisher : Springer Nature

Page : 513 pages

File Size : 35,39 MB

Release : 2022-02-04

Category : Business & Economics

ISBN : 9811657556

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Book Description

This book acquaints the reader with the critical changes in India’s economy and society amidst the unprecedented pandemic outbreak of COVID-19, which has been devastating by breaking all prior records of illness and fatality. The present crisis is shown to be more than an acute health hazard as it carries with it other threats associated with the economy, society, culture, psychology, and politics. The dynamic driving forces that have a significant bearing on life, space, and time are explored, providing a basis on which social scientists can understand the prevailing equations and project the unforeseen future to contribute to a policymaking mechanism. The Indian scenario presented here takes into account how the COVID-19-induced lockdown of transport services, closing of factories, and restrictions on mobilization have caused the economy to face a recession, affecting mostly the unorganized sector. Travel restrictions and quarantines affecting hundreds of millions of people have left Indian factories short of labour, causing havoc in the production system. Semi-skilled jobholders have lost their employment, and the country has witnessed the plight of large pools of migrant labourers returning on foot to their homelands hundreds of miles away with their families and belongings. Contributors to this volume are drawn from diverse disciplines, displaying the solidarity of academic knowledge in a physically divided world. This common platform is provided to the practitioners of relevant academic disciplines under the umbrella of regional sciences – a forum for the exchange of ideas that may be effective in the sustainable management of the crisis and a way forward after it is mitigated. Thought-provoking discussions regarding different facets of the crisis are relevant not only to the current times but also to being prepared for the unforeseen post-COVID economic and societal order.