International Journal For Multidisciplinary Research

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A Comparative Analysis of Monetary and Fiscal Policies in the Post-COVID-19 Economic Recovery: India vs. the United States

Author(s) Ananya Mall
Country India
Abstract Owing to the significant economic disruptions caused by the COVID-19 pandemic, countries all over the world were forced to adopt fiscal and monetary policies to stabilise their economies. The efficiency and drawbacks of the recovery tactics used by the developed economy of the United States and the developing country of India are compared in this study. Findings suggest that a comparatively quick recovery was promoted by the U.S.'s implementation of broad fiscal policies, including the $2.2 trillion CARES Act, and monetary interventions, such as quantitative easing and reduced interest rates. In contrast, despite witnessing success with the implementation of policies like the Pradhan Mantri Garib Kalyan Package and interest rate reductions, structural issues like a large informal economy and limited fiscal capacity hindered India's recovery. The study underscores the disparities in resource availability, policy impact, and recovery pace, reflecting the broader challenges faced by developing nations.
Keywords COVID-19 Economic Recovery, Monetary and Fiscal Policies, India vs. United States, Developing vs. Developed Economies, Economic Policy Effectiveness
Field Sociology > Economics
Published In Volume 7, Issue 1, January-February 2025
Published On 2025-01-20
Cite This A Comparative Analysis of Monetary and Fiscal Policies in the Post-COVID-19 Economic Recovery: India vs. the United States - Ananya Mall - IJFMR Volume 7, Issue 1, January-February 2025. DOI 10.36948/ijfmr.2025.v07i01.35548
DOI https://doi.org/10.36948/ijfmr.2025.v07i01.35548
Short DOI https://doi.org/g82gmf
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