According to an estimate by a foreign brokerage, India’s gross domestic product growth could be impacted by 0.20 per cent in the March quarter because of coronavirus. The Indian economy is battling a severe slowdown and the spread of coronavirus could affect the chances of recovery.
Slower than expected growth will also affect government finances.
Business Standard Opinion pieces for the day talk about government finances in the context of GST, along with other policy issues.
The combined effect of a relatively stable or tending-to-rise unemployment rate and a falling labour participation rate indicates that the employment rate is falling, writes Mahesh Vyas.
We must guard against easy money over a long period in the current scenario, writes Soumya Kanti Ghosh.