Sector Series II: Impact of COVID-19 and lockdown on the Elderly sector in India

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According to the data of the Centre for Disease Control in the United States, approximately 25 percent deaths in India have constituted the fifty-five and above age group. The worrying factor is that their mortality and morbidity are not dependent solely on the direct effects of the virus, but also on measures like social distancing, travel restrictions, and self-isolation that have a disproportionate effect on healthcare access.

Understanding Cyclicality of Fiscal Policy, High Fiscal Deficit in Union Budget 2021-22: Implications on Inflation

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In sum, revenue contraction, expenditure-side stimulus measures, and low denominator GDP – these three factors have collectively contributed to the high fiscal deficit in 2020-21 RE.