Moneycontrol - Indian Economy through Covid-19 – Relief, Revival & Execution
(The following article appeared in Moneycontrol on July 13, 2020 - URL below: https://www.moneycontrol.com/news/opinion/a-relief-and-recovery-blueprint-for-indias-economy-5540151.html ) Indian Economy through Covid-19 – Relief, Revival & Execution Considerable uncertainty persists on how the Covid-19 pandemic will pan out. Mercifully, there are a few silver linings. The containment of the spread in Mumbai’s congested Dharavi offers us hope and pointers. Testing has steadily increased to over 300,000 per day. Authorities are working to improve our medical infrastructure and response. However, the overall number of cases continue to rise, and sporadic reinstatement of local lockdowns continue. How badly is our economy impacted? What relief steps have been taken so far, and what more can be considered? How can we prepare for economic revival beyond Covid-19? How Bad is It? Estimating GDP growth for the current fiscal year 2020-21 (FY21) is a hazardous exercise. Nevertheles