Home   »   Macroeconomic Report By Finance Ministry –...

Macroeconomic Report By Finance Ministry – Free PDF Download

 

  • India imposed a strict lock-down from 25th March, 2020. April, 2020 was the month of economic tandstill with restrictions on various activities eased in May, 2020.
  • As restrictions were further eased, the country entered the unlock phase in June, 2020.

The Supply & Demand side shock

  • The loss of economic output from more than two months of lock-down was first triggered from the supply side as labour stayed away from work.
  • The demand side caused further loss of output as consumption of goods and services dependent on customer mobility fell.
  • This twin supply-demand shock on output subsequently led to loss of income, which caused further decline in consumption resulting in further loss of output.
  • Owing to these unprecedented COVID-19 induced supply-demand shocks, IMF’s June, 2020 WEO update projects growth of India’s output at (-)4.5% in 2020-21 and that of world’s at (-)4.9%.

  • While the biggest reason for the unprecedented contraction is the lockdown forced by the pandemic,
  • The economic growth had been slowing down even before that.

 
 

 

Latest Burning Issues | Free PDF

 

Sharing is caring!

Download your free content now!

Congratulations!

We have received your details!

We'll share General Studies Study Material on your E-mail Id.

Download your free content now!

We have already received your details!

We'll share General Studies Study Material on your E-mail Id.

Incorrect details? Fill the form again here

General Studies PDF

Thank You, Your details have been submitted we will get back to you.

Leave a comment

Your email address will not be published.