Economy, Pandemic and Uncertainty Challenges for India

  • Unique Paper ID: 153077
  • PageNo: 404-425
  • Abstract:
  • The outbreak of the Covid-19 pandemic is an unprecedented shock to the Indian economy. The economy was already in a parlous state before Covid-19 struck. With the prolonged country-wide lockdown, global economic downturn and associated disruption of demand and supply chains, the economy is likely to face a protracted period of slowdown. Both policy tools come with substantial economic costs representing a trade-off between the optimal health policy tool and the economic interests of a country. Till now, as the cost of externality is very high because of absence of vaccination and treatment of this disease, the State must impose more aggressive policy in the form of near complete lockdown or in some cases complete lockdown of the economy to reduce the probability of being infected.

Copyright & License

Copyright © 2026 Authors retain the copyright of this article. This article is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

BibTeX

@article{153077,
        author = {Vidushi Gumber},
        title = {Economy, Pandemic and Uncertainty Challenges for India },
        journal = {International Journal of Innovative Research in Technology},
        year = {},
        volume = {8},
        number = {5},
        pages = {404-425},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=153077},
        abstract = {The outbreak of the Covid-19 pandemic is an unprecedented shock to the Indian economy. The economy was already in a parlous state before Covid-19 struck. With the prolonged country-wide lockdown, global economic downturn and associated disruption of demand and supply chains, the economy is likely to face a protracted period of slowdown. Both policy tools come with substantial economic costs representing a trade-off between the optimal health policy tool and the economic interests of a country. Till now, as the cost of externality is very high because of absence of vaccination and treatment of this disease, the State must impose more aggressive policy in the form of near complete lockdown or in some cases complete lockdown of the economy to reduce the probability of being infected.},
        keywords = {Pandemic, Covid 19, Economic, downturn, demand, supply, slowdown, lockdown},
        month = {},
        }

Cite This Article

Gumber, V. (). Economy, Pandemic and Uncertainty Challenges for India . International Journal of Innovative Research in Technology (IJIRT), 8(5), 404–425.

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