Covid 19 pandemic: The policy response

Editors

Bandyopadhyay, Tamal

Description

While data on how the pandemic affected the inclusive finance sector will pan out over a period of time, this chapter examines the policy response to reflect its impact on institutions and clients in the inclusive finance space. From what was evident, it was clear that the biggest jolt that came to the nation was in the form of a national lockdown that lasted almost five weeks. While this was progressively eased and we still do not have complete normalcy as I write this report, the latest data available indicate a technical recession with the gross domestic product (GDP) showing negative growth for two successive quarters. This recession has affected the economy as a whole but in particular the informal sector, which possibly had a fragile security net and a shallow savings pool. The informal sector also did not provide an appropriate framework for policy intervention that could lead to relief for the affected communities.

Publication Date

1-4-2020

ISBN

978-8194930310

Publisher

Access Assist

Keywords

Financial inclusion, Covid-19

discipline

Social and Behavioral Sciences; Public Affairs, Public Policy and Public Administration; Public Policy; Social and Behavioral Sciences; Economics; Public Economics

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