Published January 31, 2023
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STRUGGLE OF THE INDIAN ECONOMY DURING COVID 19
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COVID-19 cases in India cross 4.47 crorecrossing more than 53.1 lakhs deaths worldwide and more than 5.31 lakhs deaths in India. More than 200 countries are declared with novel coronavirus pandemic. In this article, the researchers have tried to explain the impact of COVID-19 on the Indian Economy with its measures on basis of the three-sector model of the Economy. The service sector seems to be affected heavily by the pandemic, as the aviation, hotel industry and financial system of our country come under destroyed demand. Different measures are considered by our government, finance ministry and RBI to decrease the effect.
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References
- • Choudhury, Saheli R, Asia-Pacific markets trade mixed as investors assess omicron risks, Dec 8, 2021 • Iyer, Lakshmi, Omicron effect & data signs indicate RBI may keep an accommodative policy, Dec 07, 2021 • Nayak, Gayatri (1 April 2020). "RBI announces more measures to deal with the economic fallout of COVID-19". The Economic Times. Retrieved 1 April 2020. • Parikh, Anjana, "Finance Ministry Announces Economic Relief Measures Amid Coronavirus Outbreak". Mercom India. Retrieved 25 March 2020. • Vikas Barbate1, Rajesh N. Gade2 and Shirish S. Raibagkar3, (2021), COVID-19 and Its Impact on the Indian Economy, SAGE Publications • Covid-19 lockdown estimated to cost India