International Journal of Financial Management and Economics
Vol. 3, Issue 2 (2020)
The global pandemic: A critical study on the impact of Covid-19 on Indian economy
Dr. Sumit Bharti
As the COVID-19 pandemic keeps to inflate, businesses/manufacturers will possibly face severe challenges. Therefore, they should make strategies and closely co-ordinate with the govt. to overcome the problem. As a result the economy could contract in the first quarter of 2021. The lockdown put in place for the movement of goods and people after that. The livelihoods of 80 lakhs workers could be affected and their ability to afford basic necessities. The effect is so strong the nearly each of us is at lockdown and so their impact can be observed on businesses. This studies paper will critically examine the global monetary state of affairs but specially targeted to the effect of pandemic on the Indian financial system.
This paper will examine the impact of selective sectors how Indian industries are reacting to this case and taking measures to decrease the loss or chance critical state of affairs. The paper will also put forward a hard and fast of policy tips for the revival of the Indian economy.