Indian Economy Amid COVID-19 Lockdown: A Prespective
COVID-19 virus has resulted in the lockdown of schools, offices, factories, temples, railway stations, and even the airspace. It is estimated that due to the lockdown, the Indian economy may face prolonged adverse impact. The paper is an attempt to ascertain the impact of lockdown on the Indian e...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Journal of Pure and Applied Microbiology
2020-05-01
|
| Series: | Journal of Pure and Applied Microbiology |
| Subjects: | |
| Online Access: | https://microbiologyjournal.org/indian-economy-amid-covid-19-lockdown-a-prespective/ |
| Summary: | COVID-19 virus has resulted in the lockdown of schools, offices, factories, temples, railway stations,
and even the airspace. It is estimated that due to the lockdown, the Indian economy may face
prolonged adverse impact. The paper is an attempt to ascertain the impact of lockdown on the Indian
economy and explore future perspective. The study has addressed important issues like consumption
expenditure, demand & supply, unemployment rate, purchasing power, financial market, etc. Under the
given circumstances, the lockdown will cost India around USD 120 bn. The manufacturing and service
sector has come to an abrupt stop and interrupted domestic supply chains. If this crisis continuous it
will indirectly affect all economic sectors. The study has given suggestions as a learning curve which
can be used by different stakeholder to improve the economic situation of the country and minimize
negative effect of lockdown.
|
|---|---|
| ISSN: | 0973-7510 2581-690X |