Policy response to the economic challenge from COVID ‐19 in India: A qualitative enquiry

Abstract

The recent COVID-19 pandemic has not only resulted in the loss of human lives but also distressed economies. The impact of this crisis is even higher in emerging economies like India due to already slowing growth rates, poor health infrastructure, and a significant population living in extreme poverty. While the government is taking measures to handle this crisis, nobody can be sure if these measures are adequate, as this will depend on how soon the spread of the virus is contained in the country. However, understanding the depth of the impact of COVID-19 pandemic on the Indian economy is vital to formulate the policy and measures to contain this economic impact. This paper attempts to understand the impact of COVID-19 pandemic on the Indian economy by employing a qualitative research design, based on sentiment analysis to understand 15 industry experts' opinion concerning the socioeconomic impact of COVID-19. The study makes a theoretical as well as applied contribution to the field of study. While theoretically, it contributes to the field of pandemic research, public health management, and disaster management; in an applied sense, we propose a set of measures for the policymakers based out in India, as well as in other emerging nations of the world.

Unconditional and conditional analysis between covid-19 cases, temperature, exchange rate and stock markets using wavelet coherence and wavelet partial coherence approaches

“…The lockdown imposition in all parts of the world led to a significant drop among the stock market indices points. The stock market returns exhibit higher volatility during the sample period, which was triggered by the COVID-19's multiple impacts, including nationwide lockdown, higher unemployment rates, lower consumption levels, migration of workers, restricted demand and supply chains, and the distressed financial markets ( Sharma et al., 2020 ). Stock markets are leading variables in the economy ( Harvey, 1989 ), and the higher volatility and fluctuations on major stock market returns during the pandemic outbreak document the expected continuous downfall in the national and international financial markets.…”

Impact of COVID-19 pandemic on agricultural wholesale prices in India: A comparative analysis across the phases of the lockdown

“…The COVID-19 has impacted the global economy significantly including India. Few of the recent researches have tried to analyze the implications of COVID-19 pandemics on agricultural productions and supply chain globally (Pu & Zhong, 2020;Kumar, Padhee, & Kumar, 2020;Gillespie, 2020;Galanakis, 2020;Singh & Neog, 2020;Solomon, Pratap, & Swapna, 2020;Weersink, von Massow, & McDougall, 2020;Sharma, Talan, & Jain, 2020;Zhang et al, 2020). Pu and Zhong (2020) argued that unreasonable restrictions would block the outflow channels of agricultural products, hinder necessary production inputs, destroy production cycles, and finally undermine production capacity and suggested that there is a need to ensure effective logistics for agricultural products, ensure effective supply of critical inputs, provide various supports to agricultural production and farmers and make use of innovative methods to promote sales such as e-tailing.…”

Understanding Domestic Violence in India During COVID-19: a Routine Activity Approach

“…This lockdown was subsequently extended for a week, then for 21 days and finally until 3rd May 2020 to contain the spread of COVID-19. India declared COVID-19 a "notified disaster" under the Disaster Management Act, 2005 (Sharma et al 2020). Extended lockdown and other social distancing measures imposed to curb the pandemic made women more vulnerable to domestic violence.…”