Impact on the economy

Economic burden

Print edition : April 10, 2020

Businesses closed in Chennai’s shopping district T. Nagar following a State government order aimed at preventing the spread of COVID-19. Photograph on March 20. Photo: K.V. Srinivasan

Prime Minister Narendra Modi. His address to the nation on March 19 had nothing on what the government proposed to do to handle the crisis. Photo: PTI

As the global economy heads towards an unprecedented collapse in demand, India under Narendra Modi sticks to fiscal fundamentalism when even diehard right-wing governments are trying to boost fiscal spending.
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