The world is juggling between economic slowdown and containing the spread of COVID-19, so as India. The previous 21 days lockdown has been extended for 18 more days with a hint of relaxation after April 20th. Does this lockdown help India in containing the virus spread but what would be the aftermath? What would be the situation of the Indian economy? I came across a couple of editorials discussing that the pandemic situation which can be used as a chance to reform the country’s economic policies. And also the authors of those editorials analysed that India would make reformative measures to the economy only when the country faces some crisis (like 1991 economic reform). So this is the time for our policymakers to reform our economic policy and ensure our country overcome the economic slowdown. Inflation and Growth The NDA government is very keen on controlling the inflation within the 4% target by 2021. But as far as the growth is concerned in a developing country inflation control s
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