Comorbid India’s Economy and the Pandemic
The severe second COVID-19 pandemic wave continues to adversely impact lives, livelihoods and the economy in India, even as the threat of a third wave looms large. Rising uncertainty has reduced consumer and business confidence. Growth over the two-year period FY20 to FY22 could be zero percent or negative. This follows an economic slowdown during the three years preceding the pandemic. With investments and trade performance weak, the Indian economy was firing mainly on consumption, which the first and second waves of the pandemic have hit badly.
This edition of the DRI Monthly Report examines the factors that are likely to shape the recovery from the impact of the pandemic and its interaction with existing structural economic bottlenecks and is based on interviews with eight senior experts on the Indian economy as well as secondary research.
Table of Contents
- Executive Summary
- Key Short and Medium-Term Risks
- India’s Economic Landscape
- Banking and Finance
- Foreign Investment Flows
- Public Health, Poverty, and Jobs
- Authors and Interviewees