An Assessment of the Impact of the Covid-19 Pandemic on the Indian Economy

The Indian economy since last couple of years had faced many disruptions, i.e. demonetisation and GST being the major ones. These disuptions together with global factor had caused a major slowdown in the Indian Economy. India was witnessing a high rate of unemployment and very low aggregate demand. And to make situation worse, the coronavirus struck and it becoming a pandemic affecting every corner of the world. India took a decision of an early and complete lockdown in March to minimise the impact of this pandemic. However, it is difficult to say if the lockdown had any impact on the spread of disease but it did impact the economy is a big way. Few industries are hit more than the others. The way businesses were being done is under revision and the success would be dependent on who is able to adapt to these changes. This paper is an attempt to assess the impact of the Covid-19 pandemic on the Indian Economy.