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Opinion | Unlocking the economy: policy roadmap for India after 14 April

India economy Government crisis consequences
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Fiscally expansive measures are essential right now to stabilize an economy in critical condition and secure livelihoods Long before the coronavirus surfaced as a pandemic, the Indian economy was in the midst of a serious downturn.

The complete lockdown starting 25 March has shut down most economic activities. The collateral damage is enormous. The following sectors, taken together, account for more than two-fifths of India’s gross domestic product (GDP): manufacturing (16.4%), mining (2.3%), construction (7.8%), trade, hotels & restaurants (11.8%), and transport (4.9%).

These have shut down almost entirely for 21 days, which alone will reduce GDP of the economy over 365 days by 2.5%. The loss in output would be even higher if the shutdown

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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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