Mentor’s comment- https://indianexpress.com/article/opinion/columns/government-cites-lack-of-fiscal-space-for-reluctance-to-provide-adequate-support-to-economy-this-is-odd-7105005/ In the intro, mention how the shock is different from the past economic shocks which originate in the financial sectors. In the body, discuss the reasons for the public spending such as a decline in the employment evident from the increased profits of listed companies while GDP has declined, enough foreign exchange … Continue reading The COVID pandemic is an instance of a financial crisis turning into an economic shock. Instead, it is an economic shock brought on by a weak public health system that can turn into a financial crisis. The damage has to be mitigated by public spending in the appropriate sector. Comment. 10 marks