Highlights
Analyse if and how the COVID-19 pandemic would influence India’s economic growth in the rest of this decade. Analyse from both demand - C+I+G+(X-M) and supply slide (A + I +S). You will also have to consider the scenarios for global growth which will impact India’s exports and thus the output. Once you have explored overall GDP growth scenarios, choose one of the following industries in India - Automobiles telecommunication, healthcare provision (hospitals), pharma, information technology, banking services, online retail or any other of your choice. Trace the market structure (perfect competition, monopoly, oligopoly, monopolistic competition) and market outcomes (industry growth, pricing, profitability, product quality/variety, number of firms, market size so on) in recent years Now think about how the COVID-shock is likely to impact these sectors in the short term and long term.
1. Analyse potential demand and supply impact
2. Will a different industry structure emerge?
3. Will firms become smaller or larger? (smaller because they may lose an export market, larger because they may gain domestic market and in-house supply chains)
4. What would be the impact on profit margins?
5. How would the government regulate these industries?
6. Would technology be a game-changer for any of them?
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