These are extraordinary times. The lives of billions of people around the world have been affected to varying degrees by covid-19.
Being a public health crisis of massive scale, it has necessitated stringent containment measures such as lockdowns that have sent the global economy into a shock.
There is enough evidence to suggest that a significant global recession is staring at us. Not immune to the effects of the pandemic, India too will have to take measures to stem the slide across sectors and revive the economy.
After the immediate focus on controlling the contagion and providing whatever immediate stimulus is feasible, the government’s efforts must turn to strengthening the nation’s socio-economic foundations and prepare a blueprint.