The havoc that the second wave of the pandemic has wreaked across India is not only due to the disease’s high rates of transmission but also and possibly more importantly, on account of a scarcity of life-saving tools. Particularly, oxygen, which we have always taken for granted. At the...
BackgroundWith millions of people being vaccinated against COVID-19 every day, some political and business leaders are proposing that countries help restore normalcy by implementing a vaccine passport : an easily accessible and verifiable certification that an individual has been inoculated. M...
Backdrop On March 24, 2020, India went into a nationwide lockdown for 68 days. However, as the pandemic continued, the lockdown was extended in many parts of India. From an energy perspective, this meant that the coal power sector faced a contraction in demand for electricity in the short...
Backdrop Covid-19 is the biggest challenge that the global tourism sector has faced till date. In their October (2020) Report, The Organisation for Economic Cooperation and Development (OECD) estimated a reduction of almost 80% in tourist traffic across the world in 2020. In general...
Covid-19 has severely affected the Indian economy. As of September 30, 2020, over six million people in India have been affected by Covid-19. The cumulative number of cases have been steadily on the rise - with over 92,000 deaths recorded till September 25, 2020. India’s fight wit...
Theoretically, retail prices of petrol and diesel in India are linked to global crude oil prices. This means that if crude oil prices fall globally, retail prices should come down too and vice versa. However, India has a peculiar oil price dynamics. When global oil prices go up, this burden is passe...
With world merchandise trade predicted to fall in the range of 13% - 31% in 2020 and foreign direct investment (FDI) expected to fall between 30% and 40% roughly, the government’s foreign direct investment policy choices will be one of the crucial factors of economic recovery. Background ...
After almost two months of severe lockdown, calls for lifting it are growing louder as economic costs are pile up while Covid-19 cases show no signs of reducing.India can’t afford an extended lockdownThe government has started relaxing lockdown rules for selected economic sectors like automation, ...
Understanding the impact of COVID - 19: Going back to economic theoryThe coronavirus pandemic has raised the fear of global recession. Movements of goods and labour across borders have been restricted dealing a body blow to exports and imports and impacting global production levels.Restricting...
