The Impact of COVID-19 Pandemic on Different Sectors of the Indian Economy: A Descriptive Study

Abstract

The outbreak of the Covid-19 pandemic unprecedented shock to the Indian Economy with the prolonged country - wide lockdown, global economic downturn and associated disruption of demand and supply chains, the economy is likely to face a extended period of slowdown. Even before the pandemic, the Indian economy was marked by a slowdown of economic growth. Thus, India's capacity to deal with a new crisis was weak when the pandemic hit in March 2020. All the sectors were affected in the economy. In agriculture, farmers were faced with broken supply chains, poor demand and falling output prices. In industry, micro and small enterprises were the most intensely affected. The crisis led to a loss of unemployment to the tune of at least 15 million. India's GDP growth rate in 2020-21 may range from -4.3% to 15% . Due to widespread of Covid 19 cases, the Indian government has lockdown the country for quite 60 days which adversely affected commercial activities and the Indian economy. It also hinders international trade which in turn stops the import - export of raw materials. The purpose of the research is to investigate the key areas where the pandemic made its economic influence.