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Contagion effect of COVID ‐19 outbreak: Another recipe for disaster on Indian economy
Author(s) -
Singh Manish Kumar,
Neog Yadawananda
Publication year - 2020
Publication title -
journal of public affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.221
H-Index - 20
eISSN - 1479-1854
pISSN - 1472-3891
DOI - 10.1002/pa.2171
Subject(s) - tourism , covid-19 , economics , outbreak , economy , government (linguistics) , stock (firearms) , macro level , business , economic system , geography , medicine , linguistics , philosophy , disease , archaeology , pathology , virology , infectious disease (medical specialty) , biology
The global outbreak of COVID‐19 and subsequent lockdowns raises serious economic concern and havoc worldwide. This article tries to provide an economic perspective of COVID‐19 in India using some statistical figure of economic indicators. Analysis is based on the data collected for macro‐economy, travel & tourism, transportation, stock market, human capital and trade. Finding revel that India could experience a health debacle at present and excruciating economic contraction in the near future if the government is unable to execute a proper policy framework. Based on the discussion, a few policy suggestions have been presented to counter both health and economic crisis.