Indian Economy Amid COVID-19 Lockdown: A Prespective

Indian Economy Amid COVID-19 Lockdown: A Prespective

Amit Joshi, Puneet Kumar Gupta, Preeti Bhaskar

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 faceprolonged adverse impact. The paper is an attempt to ascertain the impact of lockdown on the Indianeconomy and explore future perspective. The study has addressed important issues like consumptionexpenditure, demand & supply, unemployment rate, purchasing power, financial market, etc. Under thegiven circumstances, the lockdown will cost India around USD 120 bn. The manufacturing and servicesector has come to an abrupt stop and interrupted domestic supply chains. If this crisis continuous itwill indirectly affect all economic sectors. The study has given suggestions as a learning curve whichcan be used by different stakeholder to improve the economic situation of the country and minimizenegative effect of lockdown.

2020

crisis, coronavirus, economy, WHO, COVID-19, lockdown

DOI: 10.22207/JPAM.14.SPL1.33

Journal of Pure and Applied Microbiology

Journal of Pure and Applied Microbiology

Microbiology