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Growth Implications of Pandemic: Indian Economy

The novel Coronavirus has resulted in significant pressure on healthcare infrastructure of countries across the world. The most potent policy tool to address the healthcare emergency has been the choice of lockdowns and advocating for social distancing. Both policy tools come with substantial economic costs representing a trade-off between the optimal health policy tool and the economic interests of a country. Economic interests and costs can be recovered as supply chains repair themselves whereas an unprecedented loss of lives can have severe social, political and economic implications. The purpose of this paper is to estimate growth implications of the Pandemic for the Indian economy. Such an exercise will be critical for subsequent discussions on policy interventions needed to accelerate the process of repairing supply chains and minimizing the economic costs associated with the pandemic.

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