Impact of Covid-19 On Indian Economy: A Multi-Dimensional Study

Description

Since the first outbreak of the novel Corona Virus in Wuhan (China), many changes have taken place in the world, and India has no exception to it. Even today, we can find the impact of the virus all around us as many educational institutions are not yet completely open, online classes are preferred by universities and colleges, public buses are not preferred, even in our daily life, there are many changes as people still are wearing masks for going out. Talking about the macro-level Indian economy is not able to recover from the troublesome shock that the Covid-19 in terms of loss of human lives and loss of economic activity. There is hardly any sector that has not been adversely affected as domestic demand and exports sharply plummeted with some notable exceptions. While some of the effects of covid-19 were only short-term but there are many long-lasting impacts of it as the lockdown had much impacted the supply chain. All major affected sectors are education, travel and tourism, manufacturing, retail, export, import, reduction of capital formation, etc. if these aspects are not given deep thought, how the Indian economy can recover from the fast growth that it has left behind due to pandemic. The book tries to discuss all these aspects in a single cover.