ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Challenges and the Way Forward

The Pandemic and Economic Fallout in South Asia

Coherent national strategies, backed by regional cooperation efforts, offer a way forward for economic recovery in South Asia, which is rapidly becoming the next COVID-19 global hotspot. Challenges and policies relating to macroeconomics, health, economic sectors, stimulus measures, and reforms, which are all crucial for the region’s recovery are discussed.

South Asia, the world’s most populous region, is rapidly becoming the next global hotspot for the COVID-19 pandemic. Governments across the region are faced with the grim calculus of trading off health for the economy which is in lockdown or partial lockdown. Coherent national strategies, backed by regional cooperation efforts, offer a way forward for economic recovery in South Asia.

South Asia faces two major challenges at this juncture. First, is to tackle the public health emergency related to the spread of coronavirus (COVID-19). Saving lives and not overburdening under-developed health systems are important concerns of governments. Second, is to save the regional economy from an economic downturn and deep recession due to the effects of the Covid-19 pandemic and the global and regional lockdown.

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Updated On : 24th Dec, 2020

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