INDIAN ECONOMY: IMPACT OF CORONAVIRUS AND THE ROAD AHEAD

The present book focuses upon the Impact of Coronavirus on different
sectors of Indian economy and the Road Ahead of Indian Economy. The
impact of Coronavirus pandemic on India has been largely disruptive in terms
of economic activity as well as a loss of human lives. Almost all the sectors
have been adversely affected as domestic demand and exports sharply
plummeted with some notable exceptions where high growth was observed. The book is made to analyze the impact and possible solutions for some key
sectors.The Covid-19 pandemic has had a major impact on the global
economy. The pandemic hit the fragile global economy for the first time in the
early weeks of 2020. Strict lockdowns became necessary in almost all
countries; in many countries, a second lockdown has been implemented to
respond to the second wave in winter. Financial transactions stalled. Production of goods and services declined due to temporary closure of
factories and offices. The supply chain was severely disrupted. Due to the
closure of financial units, people lost their jobs and salaries. Overall effective
demand also declined. Like the global economy, the Indian economy faced many challenges
when the pandemic broke out. Autonomous, concurrent and global demand
and supply declined due to the economic crisis caused by the pandemic. The
shocks that hit the real economy have spread to the financial and external
sectors.
In this book we have covered all the related to Covid-19 issues and
challenges on Indian Economy. After reading this book, we hope everyone is
aware of the issues, challenges, impacts and recovery of Indian Economy due
to Coronavirus.