Showing posts with the label COVID-19 Fourth Wave in India

The Pandemic-Driven Desperation Is Worrying!

The two-year long COVID-19 pandemic (no signal that it’s ended) has jolted the Indian economy almost out of its roots, heightened by the fact that the economy had been under a lot of strain for at least two years prior the outbreak. The normal demand-supply equation has gone bizarre—the supply chain not yet being able to resume its normal course, with some of the key sectors suffering maximum damage, in light of insufficient demand as the common people now want to hold on to their savings fearing an uncertain future. Normally, with less demand and normal supply the prices should fall and this has led many experts to expect a recession soon or already in the process. However, prices only kept on rising, crossing a whopping level of 7% in the recent quarter that’s made the Reserve Bank of India increase the Repo rate twice in two weeks. With some knowledge of economics I feel that while the customers are not spending their money enough the suppliers not still getting the normal booming t