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Any delay in taking a proactive approach on the part of the government can prove to be fatal.
This paper examines the pre-pandemic slowdown, and subsequent contraction, in Indian economy. Utilising an analysis of broad macroeconomic and sectoral fundamentals, the paper argues that a notable lack of consumption and investment demand had already persisted before the pandemic; COVID-19 heightened those trends. Henceforth, India’s economic revival will be crucially dependent on demand generation by direct government fiscal intervention. The
