How To Help The Economy
The Times of India Delhi|June 11, 2021
Vaccinate all for free, jobs programme for urban poor, GST cut for consumer durables
Amartya Lahiri
How To Help The Economy
The Indian economy, having barely started showing some signs of flickering life, is bracing itself for another round of negative shocks. The marginally positive news of 1.6% GDP growth in the March quarter over the same period last year has already been superseded by the second Covid wave.

Economic costs of the second wave are showing in various indices. According to CMIE, the unemployment rate in May rose by almost 3 percentage points to 11.9%. RBI’s consumer future expectations index has declined by 11% since March. JP Morgan’s composite index in April and May has declined by 15% relative to the March quarter. People are losing jobs, people are afraid about the present and the future, and it is showing in leading indicators of the economy.

While there is conjecture about the extent of actual infections and deaths due to the second wave, the debate centres on whether the actual numbers are 10 times or 25 times the official numbers.

Infirmity and death extracts both tangible and intangible economic costs. Dealing with lost incomes as well as treatment severely dents budgets of families that suffer infections. In addition, families that have lost their main breadwinner are likely to be staring at economic ruin. Economic planning by most households under such conditions is geared towards survival, safety and precaution. In this backdrop of uncertainty and fear, it would be folly for policymakers to expect a return to pre-pandemic demand in the economy even when conditions become relatively benign.

この記事は The Times of India Delhi の June 11, 2021 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は The Times of India Delhi の June 11, 2021 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

THE TIMES OF INDIA DELHIのその他の記事すべて表示
Song and dance there, but where is Brazil's soul?
The Times of India

Song and dance there, but where is Brazil's soul?

From swooning over the twirling foot of Richarlison the other day, to fretting over the ankle of Neymar, it is back to business for Brazil. Gone is the exultation to dance and express themselves.

time-read
3 分  |
November 28, 2022
Marriott to reach 200-hotel mark in India by 2025 from current 134
The Times of India

Marriott to reach 200-hotel mark in India by 2025 from current 134

American hospitality major Marriott International — the group with the largest number of branded hotel rooms in India at about 26,000 — has drawn up very ambitious growth plans for the country.

time-read
1 min  |
November 28, 2022
India's visually-impaired players dribble, debate on and off field
The Times of India

India's visually-impaired players dribble, debate on and off field

Take 20-year-old Shivam Negi for instance. A member of the national blind football team, Negi along with three other NIEVPD students is ardently following the matches by listening to live commentary.

time-read
1 min  |
November 28, 2022
SIPS eating into luxe car sales: Merc
The Times of India

SIPS eating into luxe car sales: Merc

‘MF Investments Reducing Disposable Incomes Of Indians’

time-read
1 min  |
November 28, 2022
Fury's Ground Xiro
The Times of India

Fury's Ground Xiro

Xi's zero-Covid policy has angered ordinary Chinese as never before. A dangerous moment for the state

time-read
3 分  |
November 28, 2022
Trump faulted for dinner with white nationalist, rapper Ye
The Times of India

Trump faulted for dinner with white nationalist, rapper Ye

The sportswear manufacturer has also launched a probe into his conduct.

time-read
1 min  |
November 28, 2022
Blank sheets of paper become symbol of defiance
The Times of India

Blank sheets of paper become symbol of defiance

Chinese protesters have turned to blank sheets of paper to express their anger over Covid-19 restrictions.

time-read
1 min  |
November 28, 2022
Can't deny mediclaim to a vegetarian, insurer told
The Times of India

Can't deny mediclaim to a vegetarian, insurer told

Dietary Habit Not Patient’s Fault: Consumer Body

time-read
1 min  |
November 28, 2022
Thakur: Will host 'grand Olympics' in Gujarat in future
The Times of India

Thakur: Will host 'grand Olympics' in Gujarat in future

Union sports minister Anurag Thakur on Sunday said Gujarat will host a “grand Olympics” sporting event in the future.

time-read
1 min  |
November 28, 2022
Will restore old pension scheme in Guj: Kejriwal
The Times of India

Will restore old pension scheme in Guj: Kejriwal

He also urged government employees in the state to back AAP while promising implementation of the old pension scheme for them by January 31, 2022.

time-read
1 min  |
November 28, 2022