INDIAN ECONOMY: IMPACT OF CORONAVIRUS AND THE ROAD AHEAD

The present book focuses upon the Impact of Coronavirus on different sectors of Indian economy and the Road Ahead of Indian Economy. The impact of Coronavirus pandemic on India has been largely disruptive in terms of economic activity as well as a loss of human lives. Almost all the sectors have been adversely affected as domestic demand and exports sharply plummeted with some notable exceptions where high growth was observed. The book is made to analyze the impact and possible solutions for some key sectors.The Covid-19 pandemic has had a major impact on the global economy. The pandemic hit the fragile global economy for the first time in the early weeks of 2020. Strict lockdowns became necessary in almost all countries; in many countries, a second lockdown has been implemented to respond to the second wave in winter. Financial transactions stalled. Production of goods and services declined due to temporary closure of factories and offices. The supply chain was severely disrupted. Due to the closure of financial units, people lost their jobs and salaries. Overall effective demand also declined. Like the global economy, the Indian economy faced many challenges when the pandemic broke out. Autonomous, concurrent and global demand and supply declined due to the economic crisis caused by the pandemic. The shocks that hit the real economy have spread to the financial and external sectors. In this book we have covered all the related to Covid-19 issues and challenges on Indian Economy. After reading this book, we hope everyone is aware of the issues, challenges, impacts and recovery of Indian Economy due to Coronavirus