India’s relatively healthy position allows it to play up its advantages and gain from a global reorganization of supply chains The shock waves set off by the covid-19 pandemic could lead to a cumulative loss of $9 trillion in global gross domestic product (GDP) over 2020-21.
The International Monetary Fund expects India’s GDP to grow at 1.9% in 2020-21, making it the fastest growing major economy in a recession-hit world.
To come out on top, India needs a strategy encompassing health, economics and geopolitics. In terms of health, the data available at present indicates that India is entering a safe zone, with prompt and urgent measures having succeeded in “flattening the curve".