Interpretations differ, but all agree it’s a long haul. Uddalok Bhattacharya sums up the views.
Who will bear the burden of falling GDP, asks Nitin Desai. Judging by the impact of the lockdown, a large part of the burden will fall on wage earners, particularly daily wagers and migrant labourers Read here
The unemployment rate remained stable at 24 per cent during the week ended May 17, says Mahesh Vyas.
The government’s apparent resistance to spurring demand through direct unilateral transfer to households and the extension of the lockdown imply the economy would take a long time to recover Read here