IMPACT OF DEMONETISATION, GOODS AND SERVICE TAX & COVID-19 ON INDIAN ECONOMY

The Indian economy is hit by Tragic-Trio in in the last four years. The unexpected and largely unwelcomed trio is Demonetization, Goods and Service Tax (GST) and COVID-19. While demonetization and GST were the part of the governments policy decisions to strengthen the economy, the COVID-19 is the global pandemic which has shaken all the world economies. The Indian economy has been affected to a great extent by all three of them. The growth of the economy has been on a halt since the demonetization in October 2016 and the economy continues to remain in economic slowdown. The country has suffered a lot due to this tragic trio but it would be unfair to say that they havent done any good for the country. Many consequences of the trio have been on the positive side and would be beneficial for the economy and social wellbeing of the people in the long run. This paper is written in an attempt to study the consequences of the trio, both in positive as well as in negative aspect. The researchers have tried to establish the fact that all three have been instrumental in affecting the Gross Domestic Product (GDP) and employment growth of the country.