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The havoc wreaked by Covid-19 on the global and Indian economy has been well captured by the gross domestic product (GDP), unemployment and other economic data available with us today. But what are the long-term effects on the Indian economy because of the pandemic and other disruptions, such as the Russia-Ukraine conflict? The Report on Currency and Finance, published last week on the Reserve Bank of India (RBI) website, tries to understand this while also highlighting the structural problems that need to be addressed urgently.
In his foreword, RBI Governor Shaktikanta Das quotes Einstein and says that he expects “the Report to ask the right questions and provoke readers to imagine, like the team, India’s post-pandemic future”.
Mr Das won’t be disappointed