Impact Of Covid-19 On Indian Economy
The already struggling Indian economy with lower GDP growth rates and substantial unemployment rates has faced yet another unprecedented shock due to the Covid-19 outbreak. The four stages of continued countrywide lockdown spanning over two months in conjunction with global slowdown and considerable interruption in the demand-supply chain has dented the economy deeply. The severity of the economic downturn will depend on the nature and duration of the ongoing lockdown, the gravity of the pandemic and the mannerism in the exit plan associated with the upliftment of the lockdown. The article discusses gives an overview of the Covid-19 situation in India, Indian economy before the pandemic, its impact on different sectors and the policy recommendation and strategies designed by the government to lower the financial crisis.