Question

what are the economical steps should be taken to counter covid 19 crisis​

Answer 1

The world, as we know it, is fairly uncertain right now; we had an economy which was slowing before any of this coronavirus crisis started, but the uncertainty of an unknown, something we haven’t witnessed in a 100 years, has thrown all forecasts into the wind. We witnessed the Spanish flu outbreak in 1918, but for most of us reading this today, we don’t tend to hold on to anything that might have happened over two generations ago. In a country as densely populated as us, the vulnerability is exacerbated. Economies around the world are in a state of panic, the German chancellor estimated that 60 per cent of their country might get infected, the magnitude of this pandemic cannot be taken lightly. We need to protect the lower strata of our ecosystems, people with no medical insurance, the daily wage workers, your cab driver, your domestic help, our farmers. The top-down method of helping corporates who might pay their employees who in turn will make this ecosystem function is one solution, but something needs to be done to aid this populous directly as well. Additionally, the best-case scenario for an investor today is the example of China, a country with eighty thousand cases that managed to contain the spread of this virus and bring some semblance to normalcy. Closer to home, in India, an optimistic prediction is that we will contain the spread of Covid-19 within the next 3 months. However, this in itself could mean a 15 to 20 percent drop in corporate earnings over the next year. In addition to that, the markets are already down 35 per cent.

The market correction we are witnessing worldwide will translate into real-world problems. The impact of which while unprecedented, there is a multitude of steps the government can take in the form of fiscal action to mitigate these risks.

So what can the government do to create some kind of an artificial floor under ..

Read more at:
https://economictimes.indiatimes.com/markets/stocks/news/covid-19-steps-govt-can-take-to-mitigate-the-hit-on-the-economy/articleshow/74744446.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Answer 2

Answer:

The world, as we know it, is fairly uncertain right now; we had an economy which was slowing before any of this coronavirus crisis started, but the uncertainty of an unknown, something we haven’t witnessed in a 100 years, has thrown all forecasts into the wind. We witnessed the Spanish flu outbreak in 1918, but for most of us reading this today, we don’t tend to hold on to anything that might have happened over two generations ago. In a country as densely populated as us, the vulnerability is exacerbated. Economies around the world are in a state of panic, the German chancellor estimated that 60 per cent of their country might get infected, the magnitude of this pandemic cannot be taken lightly. We need to protect the lower strata of our ecosystems, people with no medical insurance, the daily wage workers, your cab driver, your domestic help, our farmers. The top-down method of helping corporates who might pay their employees who in turn will make this ecosystem function is one solution, but something needs to be done to aid this populous directly as well. Additionally, the best-case scenario for an investor today is the example of China, a country with eighty thousand cases that managed to contain the spread of this virus and bring some semblance to normalcy. Closer to home, in India, an optimistic prediction is that we will contain the spread of Covid-19 within the next 3 months. However, this in itself could mean a 15 to 20 percent drop in corporate earnings over the next year. In addition to that, the markets are already down 35 per cent.

The market correction we are witnessing worldwide will translate into real-world problems. The impact of which while unprecedented, there is a multitude of steps the government can take in the form of fiscal action to mitigate these risks.

So what can the government do to create some kind of an artificial floor under ..