The world is currently confronted with huge health crisis caused by COVID-19 pandemic. So far about 3.23 million people have been infected with the virus with 2.28 lakh deaths but many thousands are added to the toll on daily basis. Besides a health crisis, this viral pandemic is causing devastating impact on economies worldwide and what not. The world economy which was already sluggish before the Coronavirus outbreak is now contemplated to suffer a severe recession in 2020. If the impending economic crisis are not properly addressed through adequate policy interventions, its impact on the social and economic order will be humongous.
The epicentre of the virus was initially Wuhan, China but it has now invaded the entire world, mostly affecting the Eurozone and U.S. A number of theories are making rounds about the origins of the virus. China has claimed that the virus originated from the wet animal market through Bats. But serious questions are being raised on the origins of the virus by many including world leaders. The leaders from U.S. and Eurozone are claiming that the virus originated from a biological lab in Wuhan. They further allege that China was not transparent rather was very secretive, as a result of which the world could not prepare well to face the challenges arising out from Coronavirus spread. Recently, U.S. President Donald Trump warned that China should face the consequences if it was “Knowingly responsible for unleashing the Coronavirus pandemic”. German Chancellor, Angela Merkel has said that if China is more transparent about the origin story of the virus, the better it would prove for everyone in the world to learn from it. The UK has joined US demand for getting investigations conducted by the intelligence officials whether the virus originated in a Wuhan virus lab or not. Given such an emerging situation, there is a need to search answers to the following questions:
