This paper is published in Volume-7, Issue-3, 2021
Area
Economy
Author
Vishwajeet Katkar
Org/Univ
K. J. Somaiya College of Arts and Commerce (Autonomous), Navi Mumbai, Maharashtra, India
Pub. Date
23 June, 2021
Paper ID
V7I3-2076
Publisher
Keywords
Pandemic, Covid-19, Indian Economy

Citationsacebook

IEEE
Vishwajeet Katkar. Impact of a Pandemic on Indian Economy, International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.

APA
Vishwajeet Katkar (2021). Impact of a Pandemic on Indian Economy. International Journal of Advance Research, Ideas and Innovations in Technology, 7(3) www.IJARIIT.com.

MLA
Vishwajeet Katkar. "Impact of a Pandemic on Indian Economy." International Journal of Advance Research, Ideas and Innovations in Technology 7.3 (2021). www.IJARIIT.com.

Abstract

In the following paper, we investigate the impact of a pandemic on the Indian Economy. The main focus of this study is to find out the economic impact in all the various sectors, which will help us in understanding the pandemic better, and how deep is the impact. This study considers various reports and concludes that despite the sluggish economic growth of India since 2019, the outbreak of COVID-19 has led to a further drop in the Economy. The nation has also been listed as among the top affected nations across the globe due to the pandemic. As a nation we’ve faced a lot of economic challenges due to pandemic breakout. It has majorly adverse sectors like food security, informal sector, agriculture, also aviation industry, shortage of labor for harvesting, PDS, and social security. This is a resultant of no proper infrastructural capacity to suffice a pandemic. Given our population, we have no resources to source functionality in the nation. Also, the health sector has also suffered a lot from the poor health facility, too costly checkups. The social life of the Indian people affected by the coronavirus includes the hike in Domestic Violence, Communalism, Fake news, and Religion.