Reserve Bank of India

COVID-19 Pandemic and India’s Recent Monetary Policy Intervention: A Reality Check

COVID-19 Pandemic and India’s Recent Monetary Policy Intervention: A Reality Check

Written by : Dr. Anjan Chakrabarti Associate Professor, UGC Human Resource Development Centre The University of Burdwan, West Bengal, India Photo credit : Shutterstock.com According to the latest figures published by John Hopkins University, 2,256,844 people have been under the tentacles of Coronavirus or COVID-19 with 154,350 deaths, and 571,851 people have recovered. Nearly 70 per cent of all fatalities occurred in Europe. In the US, there have been 712,184 cases with 32,823 deaths. In comparison, India, the world’s most populous country with 136 crore population, has so far reported 14,792 cases and 488 deaths. Unlike many countries, including Singapore…
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