“Examine how covid induced economic recession is different from the past recessions in India. What are the options with the government to deal with the situation?” 10 marks

Mentor’s comment-

  • https://indianexpress.com/article/opinion/columns/a-crisis-without-villains-6557602/
  • In the intro, mention the economic disruption caused by the pandemic.
  • In the body, mention how the previous slowdowns were accompanied by drought or BOP crisis and how this time these factors are not responsible for the negative growth. Or how it from demand shock instead of supply-side shock. Suggest spending by the government.
  • Conclude by mentioning the need for government spending.
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2 years ago

Kindly review

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