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Notice (8): Undefined variable: urlPrefix [APP/Template/Layout/printlayout.ctp, line 8]latest-news-updates/a-different-economic-approach-covid-19.html"/> LATEST NEWS UPDATES | A different economic approach -Puja Mehra | Im4change.org
Resource centre on India's rural distress
 
 

A different economic approach -Puja Mehra

-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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