Covid-19 and its Impact on Indian Industry and its Effect on Economy


Authors : Subhodeep Mukherjee

Volume/Issue : Volume 8 - 2023, Issue 1 - January

Google Scholar : https://bit.ly/3IIfn9N

Scribd : https://bit.ly/3HFmy5b

DOI : https://doi.org/10.5281/zenodo.7588026

This paper spotlights the impacts of Covid-19 on Indian Economy sector wise i.e, agricultural, industrial, import- export trade and share markets. It has also been discussed the various challenges Indian Economy will face in coming periods of time. It basically presents the impact made by the Covid-19 pandemic on the economy and how markets especially the industrial sectors and small scale enterprises have reacted sharply to the pandemic and its implications for businesses. A. In Abstract the Following Contents has been Mentioned  General Problems: The Covid-19 pandemic is the most significant economic event in our lifetime. It has largely affected the agricultural sectors, decline in industrial growth, deficit in import and export trade, and mostly wide affected in employment. Many people lost their jobs due to Covid-19 pandemic. India has hit hard by the pandemic particularly during the second wave of the virus in the year 2021in the April onwards. The sharp drop in GDP is the largest in the country’s history, but this may still underestimate the economic damage experienced by the poorest households.  Objective of the Study: The main objective of the study in this project is to analyze the impact of Covid-19 on Indian Economy, to identify the impact of Covid-19 on each sectors: agricultural, industrial production, import-export trade, unemployment and equity market.  Research Study: This study is based on secondary data method which has been collected after depth analyzing the performance of country’s economy on major sectors on pre-covid(before Covid-19), during Covid 19 and post- covid(after Covid-19) and graphs and tables are made. It presents the so far impact made by the pandemic on the economy and how markets and the economy have reacted sharply to the pandemic and its implications for businesses.

Keywords : Covid-19, Economy, GDP, Analyzing, Manufacturing, Trade, Micro, Small and Medium Enterprises Sectors, India.

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Paper Submission Last Date
29 - February - 2024

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