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The Covid-19 slowdown: Next focus for Centre should be the states

The combined fiscal deficit projection for FY21 at 2.04% for 19 of the biggest states is now unachievable as they grapple with the slowdown due to Covid-19, all the while stepping up spending

Deserted Raj Path on 1st day of 21 days lockdown in New Delhi (Photo- Sanjay.K.Sharma)
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Deserted Raj Path on 1st day of 21 days lockdown in New Delhi (Photo- Sanjay.K.Sharma)

Arup Roychoudhury New Delhi
The world’s second-fastest growing major economy has come to a near halt as the three-week lockdown continues. While the government has said that as of now there are no plans to extend the nationwide lockdown beyond April 15, a decision will clearly be taken based on how much the number of confirmed cases escalate over the coming days.

Some factories have closed, others have pivoted to making medical supplies. Markets are mostly shut, with only some of them selling essential items. Even for those essential items, like rice, wheat, pulses, vegetables, soaps, and others, the supply chain has been disrupted.
Topics : Coronavirus