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LATEST NEWS UPDATES | A different economic approach -Puja Mehra

A different economic approach -Puja Mehra

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published Published on Apr 8, 2020   modified Modified on Apr 8, 2020

-The Hindu

How the public health versus economic health trade-off can be resolved during this pandemic

As it fights COVID-19 with its meagre healthcare resources, India has chosen to bring the economy to a near halt with no clear idea of how many lives can be saved in this manner. What is going to be the cost of this decision? The 21-day lockdown will reduce the gross value added (GVA) during this period to near zero. More than half the GVA is contributed by the unorganised sector. A disproportionate burden of the economic cost has fallen on this large segment. The suffering of the stranded migrant labourers has set off a debate: is the disruption and the economic pain justified? Is it worth sacrificing the economy to save lives? And at the core of such questions is a policy dilemma: should public health matter more than economic health?

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The Hindu, 8 April, 2020, https://www.thehindu.com/opinion/op-ed/a-different-economic-approach/article31282618.ece?homepage=true
 

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