Amidst the economic slowdown triggered by the outbreak of the Covid-19 pandemic in India there have been many demands for the government to announce a large fiscal stimulus to support the economy. Economic growth and tax revenues remain uncertain in 2020-21 making it challenging for the government to finance any addition to the fiscal deficit. This paper finds that in baseline scenario, assuming a 5% contraction in real GDP and a 14.4% contraction in net tax revenue, fiscal deficit of the central government will be 6.2% of GDP.
[2]
Technology Partners: MimirTech
Links:
[1] http://admin.indiaenvironmentportal.org.in/reports-documents/impact-covid-19-indian-economy-analysis-fiscal-scenarios
[2] http://www.indiaenvironmentportal.org.in/files/file/Impact-of-Covid-19-on-Indian-Economy.pdf
[3] http://admin.indiaenvironmentportal.org.in/category/author/ila-patnaik
[4] http://admin.indiaenvironmentportal.org.in/category/author/rajeswari-sengupta
[5] http://admin.indiaenvironmentportal.org.in/category/publisher/indira-gandhi-institute-development-research-igidr
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/india
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/coronavirus
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/economy
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/gdp
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/economic-development
