Opinion | Triple trouble: coronavirus, hunger, and the economy
Back-of-the-envelope calculations suggest that without a massive fiscal stimulus package, India’s shutdown with a phased reopening could reduce GDP by around 10% in 2020-21
While pleading for a strong lockdown like many others, I had stated in my Mint column of 20 March 2020 that we would know in a month whether India was winning or losing the war against covid-19. We can now say with cautious optimism that India is probably winning it, thanks mainly to the timely and unprecedented nationwide lockdown imposed on 24 March. Given the limited capacity of our healthcare system and our vast population, it was the only safe option. That, plus the heroic efforts of our health workers, essential service providers and police have contained the covid death toll.