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Coronavirus is third shock to Indian economy in a little over 3 years

The impact of the shutdowns on the economy would show up later; but the shutdowns would help contain the spread of the virus

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Consumer Sentiment Indicator | CMIE | Coronavirus

Mahesh Vyas 

Mahesh Vyas

The coronavirus pandemic is the third shock to the Indian economy in a little over three years. The economy will not escape unhurt. More importantly, households are likely to be hit through loss of jobs and/or earnings.

The impact of such economic sho­cks on the labour markets is usually on the young who delay their entry in­to the labour market in response to a fall in job opportunities. This shows up in a fall in the labour force participation rate. And, quite perversely, leads to a fall in the unemployment rate. The labour participation rate did plummet in the last week ...

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First Published: Mon, March 16 2020. 22:09 IST
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