AN ANALYTICAL STUDY OF CHALLENGES AND REMEDIES BEFORE INDIAN ECONOMY OVER THE PERIOD OF COVID PANDEMIC

The Indian economy is a largest and one of the top ten economies in the world. This economy is known globally as a fast growing economy. As the second largest population in the world, the world sees the Indian economy as the largest market in the world that is why in general, all the developing countries considers India is to be more important as commercial point of view. During last two years every country facing the different economical challenges to overcome the COVID Pandemic situation. Every country suffered from the lockdown and slowdown therefore economical situation are most affected. Developing countries are also trying to face various challenges during the COVID Pandemic like food, shelter, transport, medicine and so on. India is also included one of the largest developing country in the world. The impact of the COVID-19 pandemic in India economy has been largely disruptive. In the fourth quarter of the fiscal year 2020 India's growth went down to 3.1% according to the Ministry of Statistics. All these problems also seen in the nation but even Indian economy achieved 12.55% development rate to have outperformed china 8.44%, Peru8.5% as per PPP (Public Private Partnership) term. Most of the countries in the world prefer to invest in Indian economy. The ministry of commerce and industry stated that FDI (Foreign Direct Investment) status grew at a faster pace during Aril to July 2021-22. The equity inflows increased by 112% between last two years. To improve the Indian economy, the Government of India and the Reserve Bank of India have jointly implemented various schemes that have seen the Indian economy make steady progress once again in global catastrophe.

___________________________________________________________________________________

 

Keywords: Economy, FDI, GDP, PPP, COVID-19.


DOI:

Article DOI:

DOI URL:


Download Full Paper:

Download