Published Paper Details:

The outbreak of the Covid-19 pandemic is an unexpected shock to the Indian economy. The economic impact of the 2019-20 coronavirus pandemic in India has been largely detrimental. The economic impact of the 2019-20 coronavirus pandemic in India has been largely detrimental. The economy was already in a dismal state before the Covid-19 attack. With the protracted freeze across the country, the global economic downturn and the resulting disruption in demand and supply chains, the economy is likely to face a long period of slowdown. The magnitude of the economic impact will depend on the duration and severity of the health crisis, the duration of the blockade and how the situation develops once the blockade is lifted. In this document we describe the state of the Indian economy in the period prior to Covid-19, evaluate the potential impact of the shock on various segments of the economy, and analyze the policies announced so far by the central government and the Reserve Bank of India to improve the economic shock and present a set of policy recommendations for specific sectors.