The rising number of Covid-19 cases in India would delay the economic recovery. A new report by Crisil expects the Indian economy to contract by 5 per cent in the current financial year.
Clearly, the road to recovery will not be easy. Here is a summary of Business Standard opinion pieces for the day.
The primary responsibility for containing Covid-19 now moves from the state to the society, notes our lead editorial Read here
It is important that the government strikes the right balance and protects the interest of all stakeholders. India must avoid labour market tensions at this stage, argues our second editorial Read here
We must reorient multilateralism towards chronic risks, to avoid the tragedies that might befall humankind, writes Arunabha Ghosh Read here
Economic weakness will affect India’s strategic position in South Asia, writes Anita Inder Singh Read here