ICS Analysis

China’s Post COVID-19 Path to Normalcy: Parallels for India

The impact of Covid-19 on each country’s economy is a complex function of numerous factors. Relevant factors include extent of disruption caused by lockdown, financial health of enterprises and pattern of industrialisation. The response of each national government is a function of its financial strength, type of political system and prevailing social conditions. The national response involves a series of balancing acts. For instance, stimulus measures must strike a balance between foregoing tax revenue and aiding enterprises to resume operations.  
 

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