International Journal of Humanities and Social Science Research

Authors
Sachin D Shah

Abstract
To stop further convolution and disruption of the economic activities and social asthma, every country of the world has been announcing a combination of fiscal and monetary measures. Among BRICS countries except South Africa, all other member countries are facing severe stress of Covid-19. The virus has created not only health crisis but also social, economical, political and psychological apathy for the world population. The role of fiscal policy is of utmost significance to save lives, protect the most-affected people especially migrant workers and industries and businesses especially small and medium scale firms from income losses, unemployment and bankruptcies, and reduce the likelihood of the pandemic that would result in a deep, long-lasting slump. Every country of the world has been responding to this horrific corona virus in their own way considering their social, economical, cultural and political situation. During last two to three months, BRICS countries have announced some fiscal responses to reboot and revive their respective economies. This paper discusses the fiscal measures taken by BRICS countries as the immediate reaction of Covid-19 and some policy suggestions for future.