IMPACT OF COVID-19 ON INDIAN ECONOMY

Author Name: Nidhi Thakur

Volume/Issue: 01/10

Country: India

DOI NO.: 08.2020-25662434 DOI Link: http://www.doi-ds.org/doilink/04.2021-82949955/UIJIR

Affiliation:

1. Assistant Professor, PG Department of Economics, SSM College, Dinanagar, Punjab, India

ABSTRACT

The Eruption of the novel corona virus, COVID-19, has been declared a pandemic by WHO on March 11, 2020. This outbreak was first evolved in Wuhan, Hubei, china, at the end of 2019. The network of social contact basically determines the spread of infection among people. Covid-19 affects different people in different ways. Symptoms of this virus include: fever, nasal congestion, runny nose and diarrhea. As mostly human beings are gregarious, intercommunication is very essential for them. So if there is truancy of such activities, it creates depression, mental disorder and many other problems which put impact on an individual and a society as a whole. Social distancing is only the way to protect the people from corona virus. To maintain the social distancing, all the Economic and productive activities has not been performed, which has directly impact on development of the economy and leads to recession in Indian economy. Our societies, our economy functioning, our communities have slow down their pace of growth due to this pandemic. Besides this, there are many preventive measures to be taken in order to rescue from this contaminated disease like wash hands often, keep a safe distance, don not touch your eyes, nose and mouth. This paper is based upon secondary information collected from various sources like published and unpublished articles and Newspapers.

Key words: Economy, India, Pandemic, Sectors, Education, Strategy, GDP Growth rate.