Volume 20 No 21 (2022)
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A DESCRIPTIVE STUDY ON IMPACT OF COVID-19 ON DIFFERENT SECTORS OF INDIAN ECONOMY
Riya Goel
Abstract
Rising cases of corona virus have significantly affected the Indian economy at large. Due to the
corona virus outbreak, the Indian economy every day was expected to lose over the US $ 4.5 Billion.
(Acuité Ratings). Due to the widespread of covid-19 cases, the Indian Government has lock down the
country for quite 60 days which adversely affected commercial activities and the Indian economy. It
hinders international trade which in turn stops the import-export of raw materials & hence
negatively affected manufacturing at large. Despite the manufacturing sector, various other sectors
were also got affected by the corona virus outbreak. The Micro, Small & Medium Enterprises
(MSMEs) which are considered to be the backbone of all Indian sectors and also engaged in export
activities, has also been impacted by the covid-19 pandemic. MSMEs contributed around 24.63% of
GDP from service units as well as 6.11% of the GDP from manufacturing (Confederation of Indian
Industry) but this pandemic restricted working and hence made a downfall in the GDP. This paper is
based on descriptive analysis based on secondary data. The purpose of the research is to investigate
the key areas where the pandemic made its economic influence. It is expected that this study will
help design conceptual models for the researcher to overcome this pandemic.
Keywords
Covid-19, Indian economy, economic influence, sectorial impact, pandemic, GDP
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