Covid's economic impact

26 MAR,2024 | MEDC


Four years after the first official lockdown in India, what is most visible is the resilience demonstrated by our economy. The tripling of the capital expenditure outlay over the past four years has led to a huge multiplier effect on economic growth.  Despite the pandemic leaving front-line workers with life altering lessons, every section of our society also sacrificed for it and weathered it bravely. Covid revealed the importance of our agricultural sector in keeping the economy afloat during unpredictable times. An important lesson learnt was that policymakers cannot rely only on official data, but also need to get some direct feedback from citizens. The pandemic also expedited digitalization throughout the country, whose positive results are yet to be fully realized in all walks of socioeconomic life.




Photo Credit- Google

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