Journal Abstract

The COVID-19 pandemic has posed unprecedented challenges thronging the economy off-guard at a time when the country is stepping onto its 50^th years of independence. There has evidently been a reversal of the gains made in terms of socio-economic progress because of the economy’s fundamental weakness in absorbing shocks, which has been further aggravated by the pre-COVID19 fault lines. The government’s business as usual responses appear as ‘active inaction’ as opposed to embarking upon a framework of ‘active restraint’, as suggested in the article, comprising public good provision, redistributive policies, macro-financial intervention and structural policy reforms. Accordingly seven principles and seven programs for overcoming the crisis are listed here and if these are fulfilled, relatively a discriminatory K recovery pathway can be avoided.