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Focus on credit default swaps to address insolvency stress

India covid-19 2020 economy Government
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Financial year 2019-20 was unprecedented in a number of ways. The economy started slowing down from the first quarter. By the fourth quarter, the disruptions on account of covid-19 had exposed the limitations of conventional financial management tools.

As it is, during the year, economic management in India has depended mostly on monetary rather than fiscal policy. These initiatives essentially have focused on providing cheaper money, with the policy repo rate steadily declining from 6.25% in February 2019 to 4.40% by March 2020.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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