The Era of COVID-19 in India: An Economic Overview

The magnitude of the COVID-19 outbreak is devastating and completely unprecedented. Impeding every social and economic activity that requires human contact was thence the instantaneous response by almost every nation. Looking at the course of actions taken to save life and livelihood by other nations, it is expected that India will follow the same path. Considering that, most of the fiscal and monetary measures introduced in India are medium-term or long term, it is a matter of time till any conclusion can be drawn. Apart from that, implementation has always been a challenge for Indian policymakers. This article evaluates the era of coronavirus pandemic in India from four directions; the precursory economic condition that helps to apprehend the incident and impact of the outbreak, the humanitarian and economic shock that the nation is going through, policy measures that have been introduced to combat the situation and last but not the least, way ahead of this crisis, that essentially determines the future of the nation.

Subject Populists' exploitation of the refugee crisis in Central Europe. Significance Support for populist parties has risen after last year's refugee crisis across the EU, but nowhere have they been as successful as in Central Europe (CE). Peddling migrant fears has secured the re-election of Robert Fico's Smer (Slovakia) and the revival of Viktor Orban's Fidesz (Hungary) from a post-election popularity slump. On the back of the migration tide, populists are transforming CE's political trajectory. Impacts A united CE front will gain prominence at the EU, stoking tensions with Berlin on migration policy and the future of EU integration. The strengthened legitimacy of illiberal positions on migration will foster the emergence of imitators elsewhere in Europe. The chance of an EU-level, long-term solution to the refugee crisis will remain slim in the medium term.


2021 ◽  
Vol 27 (7) ◽  
pp. 133-140
Author(s):  
Zhou Lina ◽  
◽  
V. Bunkovsky ◽  

The article presents the current problems faced by many of the largest companies in various industries related to the impact of the Covid-19 epidemic. The article describes the countries that have achieved high results in the process of active innovation implementation. It is revealed that financing plays an important role at every stage of the innovation cycle, from the conceptualization of a product, service or technology to their commercialization and subsequent development. Today, relatively new financing mechanisms are widespread, such as intellectual property markets, crowdfunding and solutions in the field of financial technologies. Policy measures to stimulate investment contribute to the emergence of new growth points and the achievement of long-term goals, which is important for the future development of countries. It is proved that the effectiveness of cooperation between countries and their internationally agreed research projects can effectively counter the trend of increasing protectionism and solve important social problems at the present stage and in the future


2018 ◽  
Vol 8 (2) ◽  
pp. 173-198 ◽  
Author(s):  
Shanshan Dong ◽  
Yun Feng

PurposeThe purpose of this paper is to study the effect of different parts (predictable and impact) of different types of speculative behavior (intraday speculation, medium-term speculation and long-term speculation) on future fluctuations in the underlying index.Design/methodology/approachThe authors input information about heterogeneous speculative behavior into the HAR-RV model to study the effect of different parts (predictable and impact) of different types of speculative behavior (intraday speculation, medium-term speculation and long-term speculation) on the future fluctuation of the underlying index.FindingsThe authors find that the increase in intraday speculation will exacerbate spot market volatility; and the expected increase of long-term value speculation can reduce market volatility, but the shock of speculation will exacerbate market volatility.Practical implicationsThe authors suggest that regulators should strictly limit speculative intraday trading, and also focus on the long-term value speculation that decreases market volatility, in order to guide the benign development of the markets that stabilize abnormal market fluctuations.Originality/valueFirst, in view of the correlation between the futures and spot markets, the authors put forward a new proxy for the speculation degree. Second, the authors input heterogeneous speculative behavior into the HAR-RV model to study the effects of different parts (predictable and impact) on different types of speculative behavior (intraday speculation, medium-term speculation and long-term speculation) on the future fluctuation of the underlying index.


2020 ◽  
Vol 156 (1) ◽  
Author(s):  
George Sheldon

Abstract The following contribution compares the unemployment situation arising from the lockdown induced by the Covid-19 pandemic with previous employment crises in Switzerland. In addition, it forecasts the future trajectory of unemployment based on ongoing changes in hazard rates. From a historical perspective, current unemployment as well as that expected by the federal authorities in the medium term do not seem that dramatic. Current hazard rates present a different picture, however, predicting increases in both the unemployment rate and long-term unemployment to record levels.


2020 ◽  
Vol 202 ◽  
pp. 03014
Author(s):  
Riza Harmain ◽  
Hayati Sari Hasibuan ◽  
Ahyahudin Sodri

TOD is a popular urban development concept implemented by many countries around the world, especially in Indonesia. This concept is also an exciting thing to study in various countries, but that does not happen in Indonesia. Research on the socio-economic TOD is still relatively less desirable than another focus. Therefore this research exists to provide new things in research on TOD in Indonesia. This research aims to identify the socio-economic condition based on three indicators, namely mobility movement, economic activity, and life quality. This research uses descriptive methods based on the response from 100 passengers from two TOD areas, namely Dukuh Atas and Lebak Bulus. The results show that movement mobility indicates a stable condition due to the short travel and transit time felt by the community. The economic activity occurs due to the commercial facilities around the TOD area. The life quality change appears caused by the benefits took by the community. This research shows that TOD in Indonesia creates socio-economic phenomena and has to further developed. This research can also be an incentive for academics to conduct similar research in the future.


2020 ◽  
Vol 11 (2) ◽  
pp. 9
Author(s):  
B. Sowmya Satish

<p>As we are aware that contract farming in other produce like Gurkin and Mango is well established and most of the produce are having a good market in other countries. Even the Mangos which is said to be a highly cultivated in Karnataka region the market for the mango is quite complicated. The study reveals that the contract farming will enhance export potential and the likelihood of improving the social and economic condition of the mango farmers particularly the small mango cultivators. It was seen that the market for the Indian mangos that to 1.19% of exports in the world which is said to be low and most of the exports are by the large formers but according to the pilot study there are more number of small farmers who are lack of proper post harvest facilities, lack of bargaining power, lack of motivation and unable to market their produce for fair cost. The strategy to help the small farmers to go for commercialization of the mango cultivation through contract farming this will help in enhancing the living condition of the farmers and a better bargaining capacity. Moreover the contract farming will improve the good link for small and marginal farmers with private sector and exploit the potential of agro-processing sector by supply the raw commodities to agro processing industries. Hence, the title “Contract Farming – A Way to Sustainable Agriculture” further the proposed paper will recommend some of the policy measures to promote the long term sustainable partnerships and to overcome the danger of exclusion of modern supply chains.</p><h1> </h1>


2019 ◽  
Vol 10 (1) ◽  
pp. 21-28
Author(s):  
Aniela Bălăcescu ◽  
Radu Șerban Zaharia

Abstract Tourist services represent a category of services in which the inseparability of production and consumption, the inability to be storable, the immateriality, and last but not least non-durability, induces in tourism management a number of peculiarities and difficulties. Under these circumstances the development of medium-term strategies involves long-term studies regarding on the one hand the developments and characteristics of the demand, and on the other hand the tourist potential analysis at regional and local level. Although in the past 20 years there has been tremendous growth of on-line booking made by household users, the tour operators agencies as well as those with sales activity continue to offer the specific services for a large number of tourists, that number, in the case of domestic tourism, increased by 1.6 times in case of the tour operators and by 4.44 times in case of the agencies with sales activity. At the same time, there have been changes in the preferences of tourists regarding their holiday destinations in Romania. Started on these considerations, paper based on a logistic model, examines the evolution of the probabilities and scores corresponding to the way the Romanian tourists spend their holidays on the types of tourism agencies, actions and tourist areas in Romania.


2020 ◽  
Vol 4 (3) ◽  
pp. 29-39
Author(s):  
Sulkhiya Gazieva ◽  

The future of labor market depends upon several factors, long-term innovation and the demographic developments. However, one of the main drivers of technological change in the future is digitalization and central to this development is the production and use of digital logic circuits and its derived technologies, including the computer,the smart phone and the Internet. Especially, smart automation will perhaps not cause e.g.regarding industries, occupations, skills, tasks and duties


2017 ◽  
Vol 168 (4) ◽  
pp. 181-185
Author(s):  
Marc Hanewinkel

The forest-game conflict – how can forest economics contribute to solve it? (Essay) Core parameters of forest economics such as land expectation value or highest revenue show that damage caused by wild ungulates can critically influence the economic success of forest enterprises. When assessing and evaluating the damage in order to calculate damage compensation, methods are applied in Germany that look either into the past (“cost value methods”) or into the future (“expected value methods”). The manifold uncertainties related to this evaluation over long-term production periods are taken into account within a framework of conventions through strongly simplifying assumptions. Only lately, the increased production risk due to game-induced loss of species diversity is also considered. Additional aspects that should be taken into account in the future are the loss of climate-adapted species, the change of the insurance values of forest ecosystems and the impossibility of specific management systems such as single-tree selection forestry due to the influence of game. Because of high transaction costs when assessing the damage, financial compensation should only be the “ultimate measure” and a meditation between stakeholder groups with the goal to find a cooperative solution before the damage occurs should be preferred.


Sign in / Sign up

Export Citation Format

Share Document