1. Deceleration, Pandemic, Recession: Does India Have a Plan?
- Author:
- Roshan Kishore
- Publication Date:
- 08-2020
- Content Type:
- Working Paper
- Institution:
- Center for the Advanced Study of India
- Abstract:
- India’s economic pain due to the COVID-19 pandemic will be more painful because it has come on the back of a prolonged economic slowdown. The pre-COVID-19 slowdown is rooted in India’s inability to find a sustainable demand side stimulus in the post-2008 period. However, the current regime has failed to grasp this macroeconomic reality and pursued policies which have only made matters worse. Because the economic pain has not translated into political pain for the ruling party, intellectual criticism of its policies is increasingly losing its influence. Persisting with such policy and politics will significantly add to the already existing economic pain and worsen social fissures. Unless the opposition reinvents its politics, things will not change on the policy front
- Topic:
- Public Health, Pandemic, COVID-19, and Economic Recovery
- Political Geography:
- India and Asia