COVID-19: Macroeconomic Impacts and Policy Issues in India

Space and Culture, India 2020, Vol. 8, No. 1, 1-13

13 Pages Posted: 14 Oct 2020

See all articles by Hiranya K. Nath

Hiranya K. Nath

Sam Houston State University - College of Business Administration - Department of Economics and International Business

Date Written: June 29, 2020

Abstract

This editorial discusses the potential short, and long-run macroeconomic impacts of COVID-19 in India, presents early evidence of some of these effects and examines policy issues that would be important in the coming days. Since the Indian economy was experiencing sluggish growth on the eve of the COVID-19 outbreak, the economic downturn could be severe, and the policy intervention would require a careful weighing of options and priorities. Given that policy space and resources are limited, policies that help manage the short-run crisis and yield significant long-run benefits should receive serious consideration.

Keywords: COVID-19; Coronavirus; Macroeconomic Shock; Aggregate Demand; Aggregate Supply; Fiscal Policy; Monetary Policy; India

JEL Classification: E39, I15

Suggested Citation

Nath, Hiranya K., COVID-19: Macroeconomic Impacts and Policy Issues in India (June 29, 2020). Space and Culture, India 2020, Vol. 8, No. 1, 1-13, Available at SSRN: https://ssrn.com/abstract=3710319

Hiranya K. Nath (Contact Author)

Sam Houston State University - College of Business Administration - Department of Economics and International Business ( email )

SHSU Box 2118
Huntsville, TX 77341-2118
United States

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