Confirmed cases of Covid-19 continue to rise in India. While Prime Minister Narendra Modi has asked citizens to show “collective resolve” against the pandemic, the spread of Covid-19 and its potential impact of the economy is worrying. Business Standard Opinion pieces for the day talk about various aspects of the pandemic.
One should expect a quarter or two when the economy shrinks, and after that a slow recovery. Slow, because of the time needed by closed firms to start up again, tight fiscal constraints, an unfriendly trade environment, lower consumption as household budgets reflect lay-offs and pay cuts, and therefore an investment