COVID-19 ITS IMPACT ON INDIAN ECONOMY

Abstract Corona Virus disease (Covid-19) is an infertioces disease caused by the SARS Cov-2 virus firstly separate out in China after December 2019. The outbreak quickly spread around the world. The world health organization (WHO) on 12th March, 2020 declared the covid-19 pandemic. This outbreak of covid-19 created an unexpected shock to the world health organization, world and as well as to the Indian economy. The various locations imposed by Government all over the world completely took the world to stand making worlds one of the biggest economies to pause. India’s real GDP fall down to its bottom in over six years during 4 quarterly 2019-20. The covid-19 has resulted in wakening the global system. It has rained the whole economy. According to the ministry of statistics, the growth rate of India fall down to 31% due to covid-19 as stated by the life economic advisor of Government of India.The Research paper focuses on the impact of this pandemic on the various sectors of the Indian Economy. This Paper also provides some recommendations by which this impact (long term or short term) can be reduced