ScienceGuy

Petrol prices were market-linked in 2010 and diesel later in 2014 for retail consumers. Although I do encourage and support this move as they would improve fiscal balance, make energy usage more sufficient and would be better for the environment as well.

- Summarised from Constantino Hevia and Andy Neumeyer's chapter from   COVID-19 in Developing Economies The authors plotted Google mobility trends for places of work and for retail and recreation like restaurants, cafes etc which showed declines,

The macroeconomic flu is a temporary negative supply and demand shock, that is a temporary decline in output followed by a quick recovery.

WITS data shows that the export share to China from India in 2018 stood at 5%. Imports, on the other hand, stood at 14.7% making China the largest import partner of India and that too by a big margin as the US occupying the second spot has an import share of 6.3%.

Click here to read the compilation by the IMF containing summarized timeline and policy responses - Fiscal, Monetary etc

FDI would play an important role in the post-COVID revival of the developing world. World Bank's Global Investment Competitiveness Report 2019-20 discusses the FDI scenario before COVID and during the COVID times.

Amongst top CO2 emitters (1960-2010) by absolute emissions stand these economies:

With international borders closed and Vande Bharat flights being the only respite, I am writing my experience of Vande Bharat flight flew on from London Heathrow to Delhi which I flew in mid-June 2020.

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Click here to access notes.

My review of the paper by Angus Deaton 

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Suppose there's a closed economy. Now imagine a household (economy) with two people A and B in which B always borrows money from A.