Ecoscope - Who Bore The Burden Of Income Losses In 2020; What Does It Mean For A Rebound? Motilal Oswal
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Motilal Oswal Report
The Covid-19 led economic crisis seen in 2020 was very different from other economic/financial crisis.
The ‘sudden stop’ forced authorities to react with a quick, massive, and unconditional fiscal/monetary support last year.
As in other crisis, however, these measures did not prevent losses, though they definitely helped mitigate them.
In this note, we attempt to distribute the income losses by sectors – household, corporate, and government – in India and compare it with other major nations.
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