What Will Happen After Lockdown In Indian Economy

Puri s directive came hours after air india opened bookings for select domestic flights from may 4 lockdown ends on may 3 unless extended again and some international ones from june 1.

What will happen after lockdown in indian economy. The nationwide 21 day lockdown period announced by prime minister narendra modi to contain the covid 19 spread will end on april 14. The surprise announcement accompanied by the suspension of. Governments must be successful in severing the web of business employment income spending linkages in the economy and the post lockdown economy must look very much like the pre lockdown one. The german economist mark schiritz writes on the pages of the zeit newspaper that a serious global crisis is likely to be avoided.

How will the fight against novel coronavirus pandemic still continue in india. The market which accounts for a third of india s onion produce managed to stumble along for nearly a week after india imposed a strict 21 day lockdown and suspended bus train and air travel to. India s urban centres will see an extension of the lockdown at least until the end of the month but the government also wants to ensure that the engines of the economy start turning by making exemptions for agriculture factories and the transport of goods. India s lockdown was it put in place quickly and has come at a massive economic cost with job losses already crossing 120 million.

The next phase of the lockdown starting april 15 is expected to ensure that harvests and procurement of produce take place. What will happen after. Even if global stock markets collapse and the pace of economic growth seriously slows down a recurrence of the financial crisis similar to 2008 is unlikely.