The coronavirus has created a global health crisis, which is claiming human lives, with over 590,000 death as of 17th July 2020 and causing distress worldwide. Adding to that, the IMF has declared a global economic recession, stating it could be as bad or even worse than the recession in 2007 –
Category: Economics & Finance
AATMANIRBHAR BHARAT ABHIYAAN: RELYING ON A SELF-RELIANT ECONOMY
On 12th of May, 2020, the Prime Minister of India, Mr. Narendra Modi addressed the citizens of the nation, in an attempt to motivate them to strengthen their resolve in overcoming the on-going crisis. In regard to this, he announced a special economic package of Rs. 20 lakh crores, constituting
RESTORATION OF PROTECTIONIST POLICIES IN INDIA
India always had an exasperating tie-in with low tariffs, quotas and restrictions. During 1960-85, it had sky-high tariffs but apparently the policies failed extensively. After it borrowed funds from the IMF in 1991 due to the economic crisis, it was obliged to follow the liberalisation policy and thus the regime
OIL PRICE WAR: HOW INDIA CAN TAKE ADVANTAGE?
In the last couple of months, we have witnessed the greatest fall in the crude oil prices in history ever. Recently the crude oil price dropped down to the negative territory (-$37/bbl), means traders were ready up to sell their oil commodities at a loss. But how it all happened
Repercussions of COVID-19 on the Indian Economy
The novel coronavirus is a new strain of the virus that has been identified in humankind. The first case of the coronavirus emerged was reported in Wuhan, China on 31st Dec 2019 and has since lead to a large scale COVID-19 pandemic and spread to more than 70 other countries