Changes in the Indian Economy in the 21st century & its Varying Impacts
Lead author · Corresponding
Antara Ranjan
Student at Damodaram Sanjivayya National Law University, India.
Co-author
S. Mitrabinda
Consultant at Vyolve Private Limited, India.
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DOIhttps://doij.org/10.10000/IJLMH.112530
Abstract
The 2008 and 2020 recessions, were both estimated to be 'once in a lifetime' events, that occurred within nearly a decade of each other. Both left formidable impacts on the world, and in India, wherein with an inadequately equipped healthcare system, and a lack of government response, the impact on the poor in the country has been devastating. This paper studies the immediate aftermath of both recessions and draws parallels between the two, while discussing the systems that allowed for the tragedy to recur.