Study on Impact of COVID-19 on Indian Economy
International Journal of Science and Research (IJSR)

International Journal of Science and Research (IJSR)
www.ijsr.net | Open Access | Fully Refereed | Peer Reviewed International Journal

ISSN: 2319-7064


Amazon Sale


Research Paper | Economics | India | Volume 9 Issue 7, July 2020

Study on Impact of COVID-19 on Indian Economy

Dr Nikita Arora, Vaishnavi Gupta

March 12, 2020 was the day that the world saw WHO declare the covid-19 a pandemic. And, till this day, this deadly outbreak is ruling all over the world. This bioweapon has been travelling from the Wuhan province of China to all over the other countries and continents, drastically impacting the population, health systems, markets and the whole economy globally. The various lockdowns all over the world completely took the world by a standstill pressing a pause button for everything including the fiercely big economy of India. Everything was put to a halt be it personal vehicles, public transport, gigantic industries, small businesses, corporate giants. Even after so much, the situation about the virus is still unclear. This unprecedented event is impacting the economy of our country massively and many measures have been taken to help people in terms of healthcare and security, huge amounts of funds were collected fanatically but, due to the prolonged country lockdown, the impact of all this lead to the downfall of our economy in ways unknown. According to the ministry of statistics, the growth rate of India went down to 3.1 % due to the covid-19 as stated by the Chief Economic advisor of GOI. Many employees have been laid off, others given a sharp salary cut mainly impacting the service and manufacturing sectors. To control the situation, PM has announced a budget of Rs 20 lakh thousand crores. In this paper, we have tried to cast some light on the economic status of India in the time of covid 19 and what all is going on the economic fronts in the country.

Keywords: COVID-19, corona outbreak, Indian economy, worker lay off, Indian markets

Edition: Volume 9 Issue 7, July 2020

Pages: 1516 - 1519

Share this Article

How to Cite this Article?

Dr Nikita Arora, Vaishnavi Gupta, "Study on Impact of COVID-19 on Indian Economy", International Journal of Science and Research (IJSR), https://www.ijsr.net/search_index_results_paperid.php?id=SR20724142409, Volume 9 Issue 7, July 2020, 1516 - 1519

64 PDF Views | 74 PDF Downloads

Download Article PDF


Amazon Sale


Similar Articles with Keyword 'COVID-19'

Research Paper, Economics, India, Volume 9 Issue 4, April 2020

Pages: 1262 - 1264

Relief to the Indian Economy Struggling with the Corona Pandemic

Dr. Gayatri Tanwar

Share this Article

Research Paper, Economics, India, Volume 9 Issue 8, August 2020

Pages: 1188 - 1192

COVID-19 - Impacts on the Indian Agriculture

Chetan .K, Dr. S. N. Yogish

Share this Article

Research Paper, Economics, India, Volume 9 Issue 7, July 2020

Pages: 1504 - 1507

CORONA Crisis, Return Migrant Workers and MGNREGA: A Study of Tonk District in Rajasthan

Gajendra Singh Meena

Share this Article

Research Paper, Economics, India, Volume 9 Issue 7, July 2020

Pages: 1516 - 1519

Study on Impact of COVID-19 on Indian Economy

Dr Nikita Arora, Vaishnavi Gupta

Share this Article

Research Paper, Economics, Lebanon, Volume 9 Issue 4, April 2020

Pages: 1648 - 1652

COVID19: Impact on Lebanese Economy

M. Wehbi

Share this Article

Similar Articles with Keyword 'Indian economy'

Research Paper, Economics, India, Volume 9 Issue 4, April 2020

Pages: 1262 - 1264

Relief to the Indian Economy Struggling with the Corona Pandemic

Dr. Gayatri Tanwar

Share this Article

Research Paper, Economics, India, Volume 4 Issue 11, November 2015

Pages: 1552 - 1555

Financial Inclusion Strategies: Progress in Dakshina Kannada District

Maria Rodrigues, Dr. Suresh Poojary

Share this Article

Research Paper, Economics, India, Volume 3 Issue 12, December 2014

Pages: 484 - 488

Nexus between Economic Growth and the Economic Structure in Indian Economy: An Empirical Analysis

Md. Samsur Jaman, L. Debendra Singh

Share this Article

Research Paper, Economics, India, Volume 4 Issue 7, July 2015

Pages: 2391 - 2394

Growth of Income Inequality and its Trend in North Eastern States of India

Gopal Kumar Sarma

Share this Article

Research Paper, Economics, India, Volume 4 Issue 9, September 2015

Pages: 1346 - 1347

The Role of the Goods and Service Tax (GST) in Development of Indian Economy

Bharati Kiyawat, Shruti Kiyawat

Share this Article

Similar Articles with Keyword 'Indian markets'

Research Paper, Economics, India, Volume 5 Issue 7, July 2016

Pages: 1811 - 1816

Tremors in World Market: A Study on Future of India after Brexit

Mnisha Shoor

Share this Article

Research Paper, Economics, India, Volume 9 Issue 7, July 2020

Pages: 1516 - 1519

Study on Impact of COVID-19 on Indian Economy

Dr Nikita Arora, Vaishnavi Gupta

Share this Article
Top