The Resilience of The Indian Economy and The Great Reset

By: Jebamalai Vinanchiarachi

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Synopsis: A sharp fall in the growth of Indian economy during the first quarter of the fiscal year 2020-2021, plunging to minus 23.4 per cent in the wake of COVID - 19 induced ramifications, and the second wave of COVID - 19 created the biggest challenge to foster the envisaged double - digit growth. Amidst the biggest crisis in recent memory, signals about the resilience of the economy of India remain in tact. Many believe that the recovery of and growth prospects for the economy are completely doomed and that it will be impossible to make optimistic claims about V - shaped or U - shaped recovery in the near future. As an economist, I wanted to revisit my doctoral thesis, which contained authentic empirical evidence to bear testimony to the fact that India's huge domestic demand potential would alone serve as the key factor strengthening the resilience of the economy despite formidable challenges. Hence, this book.