-The Hindu Business Line But the nation compares well with the global Pandemic hotspots on several other parameters The number of Covid-19 cases in the country has crossed 52 lakh and India’s tally is now the highest in the world after the US. While the number is large, many of the cases are asymptomatic and 77 per cent of the patients have recovered completely. The number of Covid-19 deaths per day is more...
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Desperate economic situation calls for immediate boost to government expenditure -Prabhat Patnaik
-National Herald Universal cash transfer to non-income tax households is imperative apart from covering investment on infrastructure, including social infrastructure like healthcare A striking aspect of the 24 per cent decline in GDP in the first quarter of 2020-21 compared to the previous year’s first quarter is the decline by 10.3 per cent in public administration, defence and other public services. This is a sector where the GDP is estimated not by...
More »India should opt for income support so that Pandemic does not turn into a financial crisis -Jahangir Aziz
-The Indian Express What is needed is ample income support for households and firms now so that the recovery is not hamstrung by excessively damaged balance sheets Even a cursory reading of Brazil’s recent history will confirm that the adoption of the all-encompassing cap on government spending in late 2016 was critical in rescuing the economy from the crisis of 2014-16. After riding the commodity boom of the 2000s, economic mismanagement and a...
More »Pandemic and a free press -Joel Simon
-The Hindu India must return to its democratic values to tackle the COVID-19 outbreak effectively India is justly proud of its position as the world’s largest democracy. It is less proud of the fact that it has become a hotbed for the spread of COVID-19, with an estimated 90,000 daily infections, and over 5 million cases overall, second only to the United States. Can India find a way to combat the virus...
More »Impact of Covid-19 Pandemic on the Indian Economy: A Critical Assessment by R Ramakumar and Tejal Kanitkar
-National Institute of Advanced Studies (NIAS), Bengaluru, Working Paper: NIAS/NSE/EEP/U/WP/18/2020 The paper entitled Impact of Covid-19 Pandemic on the Indian Economy: A Critical Assessment by R Ramakumar and Tejal Kanitkar provides an analysis of the economic impact of the Covid-19 Pandemic in India. First, using secondary data published by various sources, the paper attempts to document the trajectory of the infections and the lockdown in India. Secondly, the paper explains the...
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