Journal Press India®

Impact of Covid-19 on Indian Economic and FDI

https://doi.org/v6i1.02


Author Details ( * ) denotes Corresponding author

1. * Sonali Tambuskar, R.S. Mundle Dharampeth Arts & Commerce College, Nagpur, Maharashtra, India (sonali_tambuskar@yahoo.co.in)

All inclusive corona virus has produce an insecure domain for individuals. This has spread everywhere throughout the world and called as a pandemic by World Health association. This is halted a large number of monetary exercises because of infectious malady and has no relieved till date to battle with crown. It has created monetary effect on globe and India. It might deliver downturn in numerous piece of the world. In each area in India the vast majority of the items are imported from China, particularly in medication and assembling industry. The flare-up of the Covid-19 pandemic is a remarkable stun to the Indian economy. The economy was at that point in a parlous state before Covid-19 struck. With the drawn out nation wide lockdown, worldwide monetary downturn and related disturbance of interest and gracefully chains, the economy is probably going to confront an extended time of lull. The greatness of the financial effect will rely on the span and seriousness of the wellbeing emergency, the term of the lockdown and the way wherein the circumstance unfurls once the lockdown is lifted. In this paper we depict the condition of the Indian economy in the pre-Covid-19 period, evaluate the potential effect of the stun on different portions of the economy, investigate the approaches that have been reported so far by the focal government and the Reserve Bank of India to enhance the monetary stun and set forward a lot of strategy suggestions for explicit divisions.

Keywords

Covid-19; Indian Economy; FDI; Import and Export; Industries

1. Irons, John (2009), “Economic scarring: The long-term impacts of the recession”, Economic Policy Institute (EPI), Washington, D.C., available at https:// www.epi.org/publication/bp243/
2. McKinsey & Company (2020), “Getting ahead of the next stage of the coronavirus crisis”, New York.
3. Pal, Partha (2020), “The Coronavirus crisis and international trade”, Chapter 17 of this Report, AIC and EEPC, New Delhi.
4. Raychauduri, Ajitava, Prabir De and Suranjan Gupta (2020), World Trade and India: Multilateralism, Progress and Policy Response, Sage Publications, New Delhi, Forthcoming
5. https://taxguru.in/finance/impact-covid-19-indian-economy.html

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