COVID AND ITS IMPACT ON INDIAN ECONOMY

The introduction of corona Virus has flashed a vast impact on the whole world economy. This has affected voluminous people as whole industrial channelization has gone down. WHO has announced it as pandemic on 11th March, 2020. The half-portion of year 2019-20 has ended with six years lowest economic process rate of 4.7 percent. Economy was expected to be recovered on the above mentioned half-moon. Whoever with the introduction of Novel Corona Virus, the jump in economy and expectation to recover the identical, has become not only difficult but also impossible. Besides the present challenges, the new challenges as introduced by Covid, has made a significant economic disruption and imbalance in demand and provide equation, which contains a great possibility to off road the economic vehicle. The primary case of Novel Corona virus in India was detected on 30th January, 2020. At the start of this, up to 15th March the quantity of cases was quite low and each infected person was having a travel history or any reference to infected person. Hence no situation warranting the Lockdown. If the virus continues to be severe or penetrate the India, the position of Indian economy could become worst that it'll be long lasting for years. Those industries who are directly or indirectly addicted to those countries which are already locked down or longing the phase of lock down, has impacted, but other industries could have worst impact if India goes into Lock down again. This text has been undertaken to judge the above mentioned impact and measuring the effect of Corona Virus together with certain positive side discussion.

 

KEYWORDS: Economy, Pandemic, Industrial Impact, Lockdown, Food Security.


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