There is no doubt that COVID-19 has been one of the key challenges of our time. In a geographical context, COVID-19 has impacted countries differently, whether from a developed or developing perspective. Using a country case study approach, the authors of this paper critically explore the economic problems that COVID-19 has caused in India. Economic growth was already slow in India, but the unprecedented outbreak of the COVID-19 pandemic sent shock waves through the economy. A recent article in the Financial Times suggests that, since the pandemic, unemployment in India has increased from 3% in 2017 to 8% in 2022, and incomes within different social economic community classes have diverged sharply (Parkin & Sing, 2022). The key objective of this paper is to assess the long and short term impact of COVID-19 on the Indian economy. In doing so, the paper will evaluate the condition of the economy in India during the pandemic, and examine the policies rolled out so far by the central government to ameliorate the economic shock. The authors find that errors were made in the application of public policy during the outbreak of the COVID-19 pandemic in India.
|Publication status||Accepted/In press - 8 May 2023|