EFFECTS OF DIGITALIZING THE INDIAN ECONOMY DURING COVID-19

Coronavirus outbreak, which was first reported in Wuhan, China on December 31, 2019 has been sending ripples across the globe and has amplified to the stature of an international health crisis. With lakhs of deaths and new cases being reported in a span of six months in varied countries, the virus has forced governments and administrations to take precautionary measures such as complete lockdown of the cities, and strict isolation for the reported cases. In this regard, my project seeks to study the devastating effect that this isolating and threatening lockdown has had on the Indian Economy, as well as the role of digital connectivity in supporting the economic base of India during the crisis. For this, I have studied the economic effects of digitalisation on the existing structures of Indian businesses, and have analyzed them in light of various factors that determine growth. The project is not just aimed at conducting a first-hand study of this rare crisis that the world is facing, but is also an innovative attempt to gauge the digital potential of Indian economy and present the data for the industries to revise and review their digital structures.