The COVID-19 pandemic emerged as a significant global public health crisis, leading to profound economic repercussions worldwide. It resulted in substantial income reductions, soaring unemployment rates, and disruptions across various sectors, including transportation, services, and manufacturing. The pandemic's effects on supply chains due to halted economic activities and hindered economic growth. India faced similar challenges, with varying impacts across its states based on their economic structures.
Chhattisgarh stood out as a state that enhanced its Goods and Services Tax (GST) collection during the pandemic while maintaining a relatively low unemployment rate of 3.4%. Despite its resilience, the state's revenue faced threats from declining economic activities and potential reductions in central government transfers. Additionally, increased expenditures for pandemic management and social protection were anticipated.
This situation necessitated a detailed analysis of the pandemic's implications for revenue sources and expenditure strategies. The study aimed to estimate potential revenue losses for Chhattisgarh's government while prioritising expenditures for vulnerable groups, particularly women and children. The study also sought to assess the pandemic's impact on various sectors and explore innovative funding alternatives to address any shortfalls.
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