Despite the commonality of loss of lives, every pandemic has played a role in shaping the socioeconomic and public health outcomes depending on the nature and the magnitude of the outbreak. In this study, we have attempted to make a preliminary assessment of COVID-19 impact on India and commented on the country's resilience, response, impact and draw the lessons for the future. Although lockdown was necessary to stop the transmission, is showing and will show a greater impact on all spheres of human life considering the country's poor resilient socioeconomic institutions. Our concurrent assessment in the middle of the outbreak predicts that the socioeconomic , demographic and health costs in India would be much higher than developed countries. Initiation of timely action from the very beginning (when the first case reported in Kerala) could have plummeted the potential transmission in every corner of the country to a large extent and could have avoided socioeconomic crises that presently surfaced in the country. The study provides a strong message for initiating sector specific measures alongside relief packages to reduce the damage not only for now but also to build a resilient system for socioeconomically vulnerable groups, health care services, and education infrastructure to face future pandemics. Otherwise, the pandemic like this can cost more.
|Place of Publication||Germany|
|Publisher||Munich Personal RePEc Archive|
|Number of pages||13|
|Publication status||Published - 2020|