The Corona pandemic has affected around 6 lakh people with little more than 27 thousand casualties across the globe as on 27 of March 2020 and still counting. The pandemic has severely affected top economies such as China, Italy, Spain, Germany, S. Korea, France, the U.S., Switzerland, the U.K. and India. The economic and welfare cost of Corona pandemic (COVID-19) is huge and the world economy is in crisis,
probably worse than GFC.
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Institute of Economic Growth, University Enclave, University of Delhi (North Campus),
Delhi 110 007, India