The Indian economy expanded by 4.2 per cent in the financial year 2019-20, an 11-year low. According to the official data released on Friday, the economy grew by 3.1 per cent in the January-March quarter. The number will be a lot worse for the current quarter as is being reflected by high-frequency indicators. The eight infrastructure sectors, for instance, contracted by 38.1 per cent in April. A sustainable recovery, to a large extent, will depend on policy interventions. Here is a summary of Business Standard opinion pieces for the day.
It is far from certain that a medical crisis can