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Resource centre on India's rural distress
 
 

The coronavirus battle and its ripple effects on the economy -Niranjan Rajadhyaksha

-Livemint.com

Direct handouts and fiscal rather than monetary action could help tide over the current shock and its potential after waves

The Covid-19 pandemic is, above all, a human tragedy. The impact on the economy is at best second in the list of public policy concerns right now. Governments across the world have done well to sacrifice economic activity in an attempt to contain the spread of the virus. However, the economic impact cannot be ignored as the weeks go by.

The global economy has right now been hit by five big shocks.

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