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Reopening India : implications for economic activity and workers

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      <subfield code="a">Reopening India</subfield>
      <subfield code="b">: implications for economic activity and workers</subfield>
      <subfield code="c">Rajat Gupta, Anu Madgavkar, Hanish Yadav</subfield>
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      <subfield code="a">COVID-19 is an unprecedented humanitarian challenge for all countries. Six weeks of national lockdown have given India the time to make a concerted effort to flatten the pandemic's curve. Now attention is shifting to reopening the economy while containing the virus: a conundrum many other nations are also grappling with. In the past six weeks, India's economy has functioned at 49 to 57 percent of its full activity level, by our estimates. That economic cost, though unavoidable in the early stages of a lockdown, might not be sustainable in the longer term. It is becoming increasingly clear that COVID-19 will not disappear immediately; the economy will need to be managed alongside persistent infection risks, possibly for a prolonged period. After reopening, some countries have needed to resume lockdowns in response to rising infection rates, and India may be no exception.</subfield>
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