Conclusion/ Way forward

The world has just experienced the biggest shock since World War II. The immediate response is well underway.
Based on a "barbell strategy", India's economic and health response has been somewhat different than that of other countries in terms of sequencing and emphasis of various measures.
The cycle has not yet fully played out but, as the economy gets fully unlocked, the emphasis will shift towards stimulating demand using infrastructure investment.
The long-term response, however, is aimed at making the Indian economy more resilient and flexible in order to deal with the opportunities and problems of the post-Covid world.
Recent reforms in agriculture, labour markets and the financial system should be seen in this light. This is also the context for Aatmanirbhar Bharat.
Of course, many other areas also need change but arguably the administrative and legal systems should now be the focus of next generation of reforms.