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The Impact of COVID-19 Pandemic on Different Sectors of the Indian Economy: A Descriptive Study

https://doi.org/v7i1.04


Author Details ( * ) denotes Corresponding author

1. * Komal V. Kalyani , Student, Department of Management, KLS Gogte Institute of Technology, Belagavi, Karnataka, India (komalvkalyani@gmail.com)
2. Soumya B. Butale, Student, Department of Student, KLS Gogte Institute of Technology, Belagavi, Karnataka, India (soumyabutale412@gmail.com)

“Covid-19 is an infectious disease caused by a new strain of Corona. Co stands for Corona, Vi stands for Virus, D stands for Disease, formally this disease was referred to as 2019 novel Coronavirus. This paper focuses on
the impact as a result of outbreak of pandemic of Covid-19 on Indian Economy. This paper mainly focuses on the impact of Covid-19 on different sectors of Indian Economy. This study reveals the impact of the shock on various sectors like manufacturing, Banking, health care, unorganized sector, tourism and Aviation sectors and etc.”
Research Design: In this research Descriptive research Design has been used.
Key Findings: “The Indian economy was grappling with its own issues and Covid-19 made the matter worse. Due to the measure adopted to prevent the spread of Corona virus disease-19 especially social
distancing and lockdown and non essential expenditure are being postponed. This causing is causing aggregate demand to collapse across the India.”
Research limitations:
• This study is restricted to some selected sectors of an economy.
• This study is related to the Indian economy only.
• This study is limited to pandamic of Covid-19 only

Keywords

Covid-19; Pandemic; Indian Economy; Outbreak of Pandemic; Unorganized Sector

  1. Agarwal, S., & Singh, A. (2020). Covid-19 and Its Impact on Indian Economy. International Journal of Trade and Commerce-IIARTC, 9(1). https://doi.org/10.46333/ijtc/9/1/9
  2. Goyal, S. (2020, April 23). What is the impact of Coronavirus on Indian Economy? Jagranjosh.Com. https://www.jagranjosh.com/general-knowledge/what-is-the-impact-of-coronavirus-on-indianeconomy-1582870052-1
  3. Impact of COVID-19 on Operations of Different Sectors. (2020, May 29). Diplomatist. https://diplomatist.com/2020/05/29/impact-ofcovid-19-on-operations-of-different-sectors/
  4. Online, F. E. (2020, March 2). Growth pangs: Fitch cuts India’s FY20 GDP growth forecast; check revised estimate. The Financial Express. https://www.financialexpress.com/economy/growth-pangs-fitchcuts-indias-fy20-gdp-growth-forecast-check-revised-estimate/1886220/
  5. Rai, D. (2020, June 14). The Economy and COVID-19. IPleaders. https://blog.ipleaders.in/economy-and-covid-19-effects-ondifferent-sectors-of-indian-economy/amp/
  6. Ravi, S. (2021, May 11). Impact Of COVID 19 On The Indian Stock Markets. BW Businessworld. http://www.businessworld.in/article/Impact-Of-COVID-19-On-The-Indian-Stock-Markets/11-05-2020-191755/
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