Given our population density and modest health infrastructure, the government had no option but to order a complete lockdown when coronavirus reached India’s shores.
As the country stayed indoors, the economy was dealt a crushing blow. While both the central government and the Reserve Bank of India (RBI) have announced mega stimulus packages to revitalize the economy, we still don’t know how effective they will be.
However, what we do know is that the world will not be the same post covid-19 and even on the economic front there will be a “new normal".
Like every crisis, this will also create opportunities and open new horizons, which if leveraged can help strengthen our economy.