IMPACT OF COVID-19 ON INDIAN ECONOMY

DR. NIRMALA DEVI

IMPACT OF COVID-19 ON INDIAN ECONOMY

Authors: DR. NIRMALA DEVI

Unique Paper ID: 156363
Volume: 9
Issue: 3
PageNo: 385-388

Keywords: Economics Â Economics and Strategy Â Macro impacts COVID-19.

Abstract:
COVID-19 has wreaked havoc on the economy in a variety of ways. The effect of the novel corona virus on various aspects of the Indian economy is investigated in this research paper.Â Pessimism looms large all over. COVID-19 has been projected as worse than the Great Depression of 1930. Everyday analyst and agency reports are diving into new bottoms of a fall-down in economic activities. Indian economy, however, has a slightly different story to tell at this hour of crisis. The silver lining for the Indian economy comes from a steep fall in the crude oil prices from around $70 per barrel to a record 18 years low of $22 per barrel. This windfall gain can, to some extent, offset the direct losses due to COVID-19. At the same time, dreams like a $5 trillion economy no longer look even a remote possibility. This article takes stock of the likely impact of COVID-19 on the Indian economy in the short term and the long term. A decision-tree approach has been adopted for doing the projections.

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ISSN: 2349-6002
Volume: 9
Issue: 3
PageNo: 385-388

IMPACT OF COVID-19 ON INDIAN ECONOMY

Available:https://ijirt.org/Article?manuscript=156363

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UGC Approved
Journal no 47859

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