Analyzation of Economy on Corona Crisis
Indian economy have experienced a severe recession as a result of the COVID-19 epidemic. In the Indian economy, a falling GDP growth rate (or a rise in the unemployment rate) is associated with a rising price level (high inflation rate) over time. This denotes the occurrence of stagflation as a result of persistent inflation brought on by adverse supply shocks. In the Indian setting, the government must pursue an aggressive direct spending plan to maintain high consumption demand, which will boost the manufacturing sector. When faced with a scenario such as a pandemic, officials and governments typically respond with macroeconomic measures, focusing solely on short-term alleviation without considering the long-term effects. People's purchasing power is boosted by the government's vigorous direct spending. These policies include improving health infrastructure, structural improvements, and Micro, Small, and Medium Enterprises (MSMEs), as well as strengthening entrepreneurs...