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COVID-19 PANDEMIC, LOCKDOWN, AND INDIAN ECONOMY

Journal: International Journal of Management (IJM) (Vol.11, No. 10)

Publication Date:

Authors : ;

Page : 1086-1096

Keywords : COVID-19 Pandemic; Chemical Industry; Indian Economy; Lockdown; Manufacturing Industry; Media and Entertainment Industry; Poultry Industry; Sugar Industry; Travel and Tourism Industry;

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Abstract

Purpose of the study: This study focuses on COVID-19 pandemic and its consequences on Indian economy due to lockdown. It also focuses on the major sectors affected by COVID-19. Methodology: A comprehensive survey is conducted by reading the research articles, online website articles, and news related to the COVID-19 effect on the Indian economy. First, the Indian economy's state was studied before the COVID-19 pandemic, next, studied the effect of the government measures taken for COVID -19 that is the effect of lockdown on the different sectors that affect the Indian economy. Lastly, some light is thrown on the business survival strategies during the COVID-19 pandemic. Main findings: The study shows the current and future probable GDP of the Indian economy. It also shows the sectors affected due to the COVID-19 pandemic and the strategies that are used for business survival. Implications of this study: An understanding of COVID-19 outbreak effect on numerous sectors that affected Indian economy. Novelty/Originality of this study: This paper gives an inimitable insight of the influence of COVID -19 on various sectors that influenced Indian economy

Last modified: 2021-02-01 20:20:53