COVID-19 Pandemic Economic Impact, Recovery & Sustainable Growth for India

Authors

  • Padmanabhan Satyes Kumar Ex Deputy General Manager (Finance), BHEL, Haridwar

DOI:

https://doi.org/10.33516/maj.v55i7.76-81p

Keywords:

No Keywords.

Abstract

The Covid 19 crisis has greatly impaired the world economy including India. However based on the intrinsic strength and some suggested reforms, focused policy directions along with concentrated implementation and monitoring, India is poised to make a faster recovery from the same. The Stimulus package announced is also commendable considering India’s precarious Debt to GDP ratio. But we should sooner get back to the path of a sustainable growth provided we remain sincere for implementation of the course corrections indicated in the opportunities and learning from the crisis.

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Published

2020-07-31

How to Cite

Kumar, P. S. (2020). COVID-19 Pandemic Economic Impact, Recovery & Sustainable Growth for India. The Management Accountant Journal, 55(7), 76–81. https://doi.org/10.33516/maj.v55i7.76-81p

Issue

Section

Economic Impact COVID-19

References

Ref#1-World Bank Data on Country wise GDP of 2019 & WHO Situation Report 133 dated 1/6/20.

Ref #2-RBI’s Annual report for FY 18-19 and MoSPI’s Provisional figures for GDP of 19-20.

Ref #3-Press Information Bureau (PIB) details of March and May 2020- Ministry of Finance, GOI.

Ref #4 -MSP for Paddy and Wheat as per data available on FCI web.

Ref #5- MSP declarations by Ministry of Agriculture on 1st June 2020.

Ref #6 to Ref#8 -MoSPI compilation for Sustainable Development Goals Rpt dated 31st March 2020.

Ref #6- Page 231- Area sown vs. Cultivable Area; Page 232- Organic Farming data state-wise%.

Ref #7- Page 204,208 and 327 on Poverty and MNREGA for 2017-18.

Ref #8- Page 340-Unemployment rate; Page 355Employment data in Manufacturing Sector.

Ref #9- Economic Times “Global Supply Chain… India Must†dated 26/5/20.

Ref #10- Economic Times “RIL’s smart switch to offset Covid hit†dated 28/5/20.

Ref #11- Economic Times “Indo Pacific Nations for sustained engagement†dated 16/5/20.

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