IMPACTS OF COVID-19 ON INDIAN ECONOMY

ABSTRACT

Actually, cynicism poses a potential threat everywhere in the world. It is said that  COVID-19 has been projected as more awful than the Great Depression of 1930. Regular investigator and office reports are plunging into new bottoms of a tumble down in monetary exercises. Indian economy, be that as it may, has a somewhat unique story to tell at this hour of emergency. The silver lining for the Indian economy comes from a precarious fall in the raw petroleum costs from around $70 per barrel to a record 18 years low of $22 per barrel. This bonus gain can, somewhat, offset the immediate misfortunes because of COVID-19. Simultaneously, dreams like a $5 trillion economy at this point don’t look even a distant chance. Indian economy has experienced a deterioration of Rs. 32000 crores each day during lock-down. To viably accomplish the goal. The ranchers and laborers on day by day compensation are at the most elevated risk. The vast majority of the India’s biggest organizations astoundingly have deferred their tasks and are turning on shopper basics. This article makes a review of the probable impact of COVID-19 on the Indian economy for the time being and the long haul.

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