Author: Sharma, Gagan Deep; Mahendru, Mandeep
Title: Lives or livelihood: Insights from locked-down India due to COVID19 Cord-id: uo87i3cx Document date: 2020_6_7
ID: uo87i3cx
Snippet: • India is the second most populous country of the world, counted among the most rapidly growing economies of the world. • Realizing that a fast spread of COVID19 in India would wipe-out a huge part of the world population, the government of India found itself in a dilemma of whether to save lives or livelihoods. • Prioritizing lives for livelihood, the government announced a 21-day lockdown. • This measure is supposed to leave a lasting impact on the economy of the country, which is evi
Document: • India is the second most populous country of the world, counted among the most rapidly growing economies of the world. • Realizing that a fast spread of COVID19 in India would wipe-out a huge part of the world population, the government of India found itself in a dilemma of whether to save lives or livelihoods. • Prioritizing lives for livelihood, the government announced a 21-day lockdown. • This measure is supposed to leave a lasting impact on the economy of the country, which is evident from a cut in the GDP growth forecast by Moody’s (from 5.3 per cent to 2.5 per cent for calendar year 2020) within ten days of the earlier projection. • This article suggests measures to the government of India to balance between saving lives and sustaining the economy.
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