Impact of Covid-19 on the Indian Economy

Negativity and pessimism are prevalent everywhere. COVID-19 has been compared to the Great Depression of the 1930s. New bottoms of a downfall in economic activity are being reported by analyst and agency reports. The impact of the virus outbreak on the Indian economy is huge across sectors, in various scenarios of total, protracted, and partial lockdown, and at various levels of capacity utilisation. Indian economy, be that as it may, features a somewhat distinctive story to tell at this hour of emergency. The Indian economy has benefited from a sharp drop in crude oil prices, which have dropped from roughly $70 per barrel to a historic low of $22 per barrel. This godsend advantage can, to a certain degree, balance the