COVID-19: IMPACT OF LOCKDOWN ON THE INDIAN ECONOMY

The novel coronavirus 2019 (nCoV-19) originated from Wuhan, China. This virus has spread to more than 24 countries with shocking public health authorities across the world. According to the World Health organisation (WHO) on May 27th, the 2020 virus reached 217 countries and more than 3 lakh people have died and over 54 lakh people infected with this virus globally. There is a need for suitable therapy or vaccination for this pandemic situation world-wide otherwise it will be very difficult to stop the spread of this virus. With the help of secondary data this paper aims to identify the impact of Covid-19 on the Indian Economy as the current situation itself shows a picture of how the economy machine has stopped which impacts almost on each and every sector. Lastly this paper shows various remedial measures that must be taken care of so that there is a hike in the Indian economy as soon as this pandemic gets over.