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Covid-19 pandemic: Impact, recovery, and the road ahead for the Indian Economy

Author

Listed:
  • S. Mahendra Dev
  • Rajeswari Sengupta

    (Indira Gandhi Institute of Development Research)

Abstract

In an earlier paper (Dev and Sengupta, 2020) we had discussed the potential and immediate impact of the shock of the Covid-19 pandemic on various segments of the Indian economy. In this paper, which is a sequel to our previous study, we dig deeper into how the Indian economy fared during the period of the pandemic including the two waves of 2020 and 2021, analyse the manner in which various segments of the economy have recovered from this unprecedented shock, and also reflect on what the post-pandemic economic landscape might look like for India, especially in the context of a highly volatile global economic environment.

Suggested Citation

  • S. Mahendra Dev & Rajeswari Sengupta, 2022. "Covid-19 pandemic: Impact, recovery, and the road ahead for the Indian Economy," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2022-016, Indira Gandhi Institute of Development Research, Mumbai, India.
    • Handle: RePEc:ind:igiwpp:2022-016
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    File URL: http://www.igidr.ac.in/pdf/publication/WP-2022-016.pdf
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    Citations

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    Cited by:

    1. S. Mahendra Dev & Rajeswari Sengupta, 2023. "The Indian Economy in the Post-pandemic World: Opportunities and Challenges," India Studies in Business and Economics, in: D. K. Srivastava & K. R. Shanmugam (ed.), India’s Contemporary Macroeconomic Themes, chapter 0, pages 9-51, Springer.
    2. Rajeswari Sengupta & Harsh Vardhan, 2023. "India’s Credit Landscape in a Post-pandemic World," India Studies in Business and Economics, in: Indrani Gupta & Mausumi Das (ed.), Contextualizing the COVID Pandemic in India, chapter 0, pages 273-295, Springer.
    3. Nitya Mittal & Janina Isabel Steinert & Sebastian Vollmer, 2023. "COVID-19 pandemic, losses of livelihoods and uneven recovery in Pune, India," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-10, December.

    More about this item

    Keywords

    Pandemic; Economic recovery; GDP growth; Global shocks; Policy response;
    All these keywords.

    JEL classification:

    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • G2 - Financial Economics - - Financial Institutions and Services

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