The ongoing Covid-triggered lockdown, now nearly eight weeks old, has hammered the Indian economy harder than any other external or internal shock (including wars, harvest failures, oil price hikes and demonetisation) experienced since Independence. And it has done so with unmatched speed, ferocity and pervasiveness.
Even if it is substantially lifted from May 18, as I fervently hope, the damage to the economy, its institutional fabric and livelihoods is likely to be massive and lasting. Just consider these early signals of economic damage: As the rolling household surveys by ...
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST Rs
Key stories on business-standard.com are available to premium subscribers only.
Already a premium subscriber? LOGIN NOW
First Published: Thu, May 14 2020. 00:42 IST
