COVID AND ITS IMPACT ON ECONOMY

The introduction of an unwanted pandemic has clutched the complete world, named Corona Virus or COVID 19. The impact of Covid is so serious the world health organisation has declared it as a virus. The outbreak of Covid has unpredictable and unprecedented impact the economy throughout the world and India isn't in the least an exception to the present. Even after the lock down the people are so scared to return out and be involved in the economic activities like before, that it becoming very challenging round the world to be normal. As we said that India isn't an exception to the current, it's in reality economic pressure and future consequences on Indian Industries, resulting the declining the economic stabilization. The Indian government has announced number of measures to handle the pandemic extending to food security, additional funds to health care industry, tax exemptions and incentive together with extended deadlines et al. The country wide lockdown of twenty in the future followed by step lock down of several days in whole of the India and than in respective states, has created a stoppage in the demand and provide equation. This may provides a slowdown impact on economy. This study has been undertaken with the item to search out out the present and potential impact of Covid 19 on different sectors of the Indian economy and various industries like manufacturing, Banking, real State et al.. However there are certain aspects and areas which might be benefitted by this pandemic like adaptation of self dependent economy. This article will enlighten the identical and can also to handle survival strategies to beat such tough situation.

 

Keywords: Corona, Industries, Slowdown, Economy, Pandemic, World Health.


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