A holistic strategy is required to deal with Covid-19

The global economic recession precipitated by the Covid-19 pandemic is unprecedented in its severity. It is far worse than the downturn at the time of the global financial crisis. The lockdowns across the world result in all economic activity coming to a standstill with the exception of the provision of essential goods and services as well as the extent that productive work is feasible digitally from home. In India, while a good beginning has been made by the announcements of the Finance Minister and the RBI Governor, going forward a holistic strategy is required along with the continued commitment to do what it takes.