COVID -19 and Its Impact on Different Sectors of Indian & Odisha Economy

COVID-19 is a disease caused by a new strain of corona virus “CO” stands for Corona, ‘VI’ for virus, and ‘D’ for disease. Formerly, this disease was referred to as ‘2019 novel Corona virus’ or ‘2019-nCov’, on February 11, 2020, the WHO announced an official name for the disease that is causing the 2019 novel corona virus outbreak. The new name of the disease is Corona virus disease 2019, abbreviated as Covid-19. The entire world is in the clutch of Corona virus. The dissemination of the virus is so colossal that it compelled the world health organization (WHO) to declare it is pandemic. The Outbreak of the Cvid-19 pandemic is an unprecedented shock to the Indian economy. The economy was already in a parlous state before Covid-19 Struck. With the prolonged country wide lockdown, global economic down turn and associated disruption of demand and supply chains, the economy is likely to face a protracted period of slowdown. The magnitude of the economic impact will depend upon the duration and severity of the health crisis the duration of the lockdown and the manner in which the situation unfolds once the lockdown is lifted. This paper depicts impact of Covid-19 On different sectors of Indian Economy; assess the potential impact of the shock on various segments of the economy analyses the policies that have been announced so far by the central government and RBI to ameliorate. The economic shock and put forward a set of policy recommendations for specific sectors.https://www.ijtsrd.com/medicine/other/47822/covid-19-and-its-impact-on-different-sectors-of-indian-and-odisha-economy/shri-ashok-kumar-pand