The penalties of the Covid-19-induced lockdown are building themselves felt in dire predictions and an expanded government borrowing programme. Viewpoint site writers study the implications of these troubles. Kanika Datta sums up the views.
The enthusiastic response to the primary minister’s call for a nationwide lockdown has given way to a sombre temper as India counts the economic fees.
The wait around for a proactive government response should really not flip into Samuel Beckett’s Vladimir and Estragon waiting for Godot, who by no means shows up, states Shreekant Sambrani. Read through it right here
There are great reasons to think that economic advancement will be sharply in the destructive this calendar year, and not hover at zero for each cent, suggesting that most forecasters require to just take a contemporary appear at their estimates, states the top edit right here
The crash in oil prices are an indicator of the shifting international supply dynamics, pointing to an prospect for the Indian economy to rebalance its vitality mix and wean by itself off polluting, lower-quality coal, the second edit indicates. Read through the argument right here
Previous IMF Main Economist Kenneth Rogoff will make the situation for destructive interest premiums to pull the US economy out of a write-up-Covid-19 slump. Read through it right here