The world has changed over the last three months in ways that no one anticipated, writes Kaushik Basu, professor of economics, in this opinion article in LiveMint. The COVID-19 pandemic continues to spread around the world, he points out, and we have to wait for global health experts to analyze the full extent of the virus.
"I want to comment here on the economy," he writes in the piece. "As soon as one mentions it, some react by saying that that can wait, we must first deal with saving lives. This is a mistake. A whiplash of the economy can create as much devastation in terms of lives lost as any pandemic."