Abstract
The world has been horribly affected by an invisible danger named COVID-19. Most of the countries are fighting against this virus, and this virus has already claimed way too many lives. In countries such as the United States, Spain, and Italy, the scenario is worse. This article first explores the complete scenario of COVID-19 in India and then discusses its effect on the Indian economy, society, and financial sector, using a mathematical model known as ARMA-autoregressive moving average model. The forecast is that India is also on the verge of facing a worst situation if it is not strictly managed by the Indian government. Of the many sectors affected by the virus, a few are discussed here supported by graphical results. The Results section includes the forecast, which illustrates that the number of infected patients can increase up to 1 400 000 till December 2020. The forecast for daily encountered cases may also go up to approximately 14 000. This article shows the impact of COVID-19 on India in the upcoming months.
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