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Tag Search: “fiscal policy”

The Covid-19 shock: Learnings from the past, addressing the present - III

In the previous part of the series, Dr Pronab Sen provided estimates of the economic damage on account of the ongoing crisis, and the expected trajectory of the economy over the next three years. In t...

  • Perspectives

The Covid-19 shock: Learnings from the past, addressing the present - II

In the first part of the series, Dr Pronab Sen discussed the performance of the Indian economy during the last two major economic shocks – Global Financial crisis in 2008, and demonetisation-cum-GST i...

  • Perspectives

The Covid-19 shock: Learnings from the past, addressing the present - I

The Covid-19 pandemic and the containment measures adopted to check the spread of the disease, have caused an unprecedented economic crisis in India as well as the rest of the world. Further, India is...

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The pandemic and the package

The government has announced a package of fiscal and monetary policy actions, and broader economic reforms to set the economy back on track after the Covid-19 lockdown. In this post, Sengupta and Vard...

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Webinar video: The new Coronavirus and the Indian economy

The global pandemic has created a terrible trade-off for every country between an economic crisis caused by a shutdown of the economic activity and a health crisis and fatalities as the healthcare sys...

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Covid-19: Does the Government of India really have little fiscal space?

Several commentators have argued that the Government of India has very limited fiscal space to provide fiscal stimulus to jumpstart the economy, and spend on the poor and on medical care post Covid-19...

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Covid-19: Getting fiscal policy right

The textbook answer to financing of additional government expenditure in a recession is that the government should borrow the funds rather than impose a tax. Gurbachan Singh argues that the convention...

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Covid-19: Consequences for state finances

When Covid-19 pandemic started in India, given that health is a state subject, individual states reacted as best they could under state-level legislations. However, as more than 60% of all economic ac...

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Covid-19: Ashok Kotwal speaks with Pronab Sen

In conversation with Ashok Kotwal on the ongoing economic crisis caused by lockdown to mitigate Covid-19 spread, Pronab Sen breaks down the problem into survival of individuals and livelihoods, and th...

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Covid-19 and MSMEs: The ‘identification’ problem

A recent survey of 5,000 micro, small, and medium enterprises (MSMEs) found that 71% of them could not pay salaries to their workers in March 2020 due to the Covid-19 lockdown in India. The government...

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Covid-19: The infected economy

India, along with much of the world, is now in a lockdown. But the cost of locking down the country is particularly high for the urban poor in India. Besides, the reality of urban living reduces the e...

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Financing of fiscal response to Covid-19: A red herring?

Governments around the world are frenetically announcing an expanding slew of rapid response measures to address the fallouts of Covid-19 pandemic. The fiscal price tag on these measures is massive an...

  • Perspectives