The pandemic and subsequent lockdown will affect the Indian economy drastically which was already reeling under pressure. At the same time, the states have to increase their spending to combat the outbreak. The centre is planning to raise a loan to pay the shortfall of the Goods and Services Tax (GST) compensation amount to States.
This editorial discusses how protectionism leads to loss. This news is related to the topic, the Indian Economy of GS 3. Click to read the article