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2020 ; 20
(4
): e2157
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Can India stay immune enough to combat COVID-19 pandemic? An economic query
#MMPMID32837315
Rakshit B
; Basistha D
J Public Aff
2020[Nov]; 20
(4
): e2157
PMID32837315
show ga
The COVID-19 pandemic has affected different sectors of the economy in an
unprecedented way, and this article is an attempt to analyze the economic effect
of the outbreak in India. However, before we assess the economic cost associated
with the pandemic, we economists fully consider the outbreak as a human tragedy.
There has not been any econometric technique that can account the countless human
sufferings that the crisis has brought. Through this article, we address several
important research questions and demonstrate India's strength to stay immune to
combat COVID-19 pandemic. The research questions are as follows. First, what will
be the effect of COVID-19 on the Indian economy and how does it affect the
different sectors of the economy? Second, how does the pandemic affect the
bilateral trade relation between India and China? Third, we question the role of
the public health system in dealing with the outbreak of the virus in India. This
article also presents the growth projection of the Indian economy by different
economic agents. We finally conclude the article by mentioning a few policy
recommendations for the Indian economy.