A Study on Repercussions of Covid-19 on Indian Economy

Assessing the Economic Consequences of the Covid-19 Pandemic on the Indian Economy

Abstract

The erupt of the Covid-19 pandemic is an exceptional shock to the Indian economy. The economy was by then in a parlous state before Covid-19 struck. With the postponed country-wide lockdown, overall monetary decrease and related interference of interest and supply chains, the economy is most likely going to go up against an all-inclusive season of stoppage. The significance of the financial impact will depend on the range and earnestness of the prosperity crisis, the term of the lockdown and the way wherein the condition spreads out once the lockdown is lifted. In this paper we depict the state of the Indian economy in the pre-Covid-19 period, study the normal impact of the daze on various sections of the economy, take apart the courses of action that have been announced so far by the central government and the Reserve Bank of India to improve the monetary shock and put forth a lot of technique ideas for express territories.