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ECONOMIC SURVEY 2020-2021 CHAPTER – 1 “State of the Economy 2020-21: A Macro View” Introduction The year 2020 was predominated by the COVID-19 pandemic, posing the most formidable economic challenge to India and to the world, since the Global Financial Crisis. Policymakers faced a dilemma of “lives versus livelihoods, i.e., flattening the disease curve would […]