IMPACT OF COVID UPON INTERNATIONAL TRADE - EVIDENCES FROM INDIAN ECONOMY

The waves of pandemic have affected major economies of world in a devastating manner which hit the core of trade at its hardest. The new mix up in the economies have given rise to both opportunities and challenges that each economy have to deal with prudence. As described by Baldwin and di Mauro (2020) in their compilation of 14 briefs on the macroeconomic implications of COVID-19, all most all economies including china who holds majority of share in manufacturing exports are affected by the pandemic. The effects of the pandemic are huge in countries where the economies are extremely vulnerable to market forces. And this makes India more prone to the impacts of covid-19. Though the pandemic has affected every sectors, its impediments in the way of trade are worth analyzing.

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Keywords: Pandemic, Macroeconomic, Covid-19, International Trade, Export-Import.


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