A Study on Impact of COVID On Indian Economy

Abstract

Coronavirus disease has spread out across the globe within a span of few months. All economies are facing the problems how to the economy open and functioning during COVID-19. Many industries have been affected by the nation-wide lockdown. Companies are expected to register the poor growth in business. Organization’s financial performance will remain sluggish in the coming few quarters. There are some industries which are impacted positively. On the other hand, there are some industries which are impacted negatively. This paper intends to measure the performance of various industries during the COVID-19

This paper is based on the secondary data collected from the multiple source. Covid- 19 pandemic is affecting the Indian economy in various ways. It mainly affects on the social and economical health of the country. With a view to control the spread of Covid-19 pandemic, the government of India followed various announcements and policies. Such as lock down, social distancing, restriction on mobility of people, closure of non-essential commodities and businesses etc. All such approaches of the government of India created both positive and negative impact on the lives of people and overall on the economy of the country. Due to loss of job and production, the demand-supply chain was disrupted. And thus, the growth rate of the economy and various important sectors have been affected. The current paper is an attempt to discuss various impacts of Covid-19 pandemic on Indian economy and measures taken by the government of India to reduce its impact on the economy. The data used for the study is secondary in nature and the suitable statistical tools and techniques are applied for analysis.