A Study on COVID-19 and its Impact on Indian Economy

The outburst of the Covid-19 pandemic is an unparalleled knee jerk to the Indian economy. Indian economy was previously in a risky situation before the attack of Covid-19. With the extended nation-wide lockdown, world economic recession and related distraction of supply chains, the economy may face a prolonged period of stoppage. The degree of the economic effect will be subject to the extent and severity of the health disaster, the length of the lockdown and the custom in which the state of affairs reveals once the lockdown is elevated. In this paper an attempt to study the state of the Indian economy in the pre-Covid-19 period, evaluate the probable impact of the shudder on several sectors of the Indian economy, analyse the strategies that have been declared until now by the central government and the Reserve Bank of India to upgrade the economic shock wave and set forth a set of policy recommendations for specific segments.